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Find the duration of a 5.2% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity
Find the duration of a 5.2% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 5.2%. What is the duration if the yield to maturity is 7%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) 5.2% YTM 7% YTM Duration years years
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