Question
Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.8%. What is the duration if the yield to maturity is 10.8%?
6.8% YTM:
10.8% YTM:
Please provide a very very detailed description of the steps thats needed in solving this problem; Im very bad in math, so very much appreciated! Thanks!
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
