Question
Find the duration of a 4.4% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity
Find the duration of a 4.4% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 4.4%. Note: The face value of the bond is $1,000. What is the duration?
What is the duration if the yield to maturity is 7%? Note: The face value of the bond is $1,000.
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
