Question
Consider the following. a. What is the duration of a four-year Treasury bond with a 5.5 percent semiannual coupon selling at par? b. What
Consider the following. a. What is the duration of a four-year Treasury bond with a 5.5 percent semiannual coupon selling at par? b. What is the duration of a three-year Treasury bond with a 5.5 percent semiannual coupon selling at par? c. What is the duration of a two-year Treasury bond with a 5.5 percent semiannual coupon selling at par? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a. Duration of the bond b. Duration of the bond c. Duration of the bond years years years
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
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