Question
Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi-annually, and trading at a yield to maturity of 7% for
Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi-annually, and trading at a yield to maturity of 7% for 2 cases:
1) if the 7% YTM is a nominal rate;
2) if the 7% YTM is an effective rate.
Answer without using excel.
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
