Question
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.7%. What is the duration if the yield to maturity is 10.7%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
6.7% YTM Duration:
10.7% YTM Duration:
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
