Question
Find the duration of a 4.4% coupon bond making semi-annually coupon payments if it has 3 years until maturity and has a yield to maturity
Find the duration of a 4.4% coupon bond making semi-annually coupon payments if it has 3 years until maturity and has a yield to maturity of 4.4%. What is the duration if the yield to maturity is 7.0%? Note: The face value of the bond is $100. (Do not round intermediate calculations. Round your answers to 4 decimal places.)
| Duration | ||
| 4.4% YTM | years | |
| 7.0% YTM | years | |
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Personal Finance An Integrated Approach
Authors: Bernard J. Winger
4th Edition
0198520972, 9780132696302
