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Do you have discovered that when the required rate of return on the bronze your own field by 0.5% from 9.2% to 8.7% the fair

Do you have discovered that when the required rate of return on the bronze your own field by 0.5% from 9.2% to 8.7% the fair value present value rose from $960-$970 the bank pays interest annually what is the duration of the bond assume annual payments image text in transcribed
You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 9.2 percent to 8.7 percent, the fair present value rose from $960 to $970. The bond pays Interest annually. What is the duration of this bond? Assume annual payments. (Do not round Intermediate calculations. Round your answer to 1 decimal place. (... 32.0)) Duration of this bond years

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