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Find the duration of a 6.4% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to
Find the duration of a 6.4% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.4%. What is the duration if the yield to maturity is 10.0%? Note: The face value of the bond is $1,000. Do not round intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. 6.4% YTM 10% YTM Duration 1.41 years 1.41 years
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
