Question
Consider the following bond: Annual coupon rate of 11.00%, par value of $1000, with a 4-year maturity, and a current yield-to-maturity of 11.00%. The duration
Consider the following bond: Annual coupon rate of 11.00%, par value of $1000, with a 4-year maturity, and a current yield-to-maturity of 11.00%. The duration of this bond is------years.
A. 3.44
B. 4.48
C. 4.00
D. 3.55
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
