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Find the duration of a 5.4% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity
Find the duration of a 5.4% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 5.4%. What is the duration if the yield to maturity is 9.0% ? Note: The face value of the bond is $1,000. Do not round intermediate calculations. Round your answers to 2 decimal places Step by Step Solution
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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
