Question
Find the duration of a 6.8% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity
| Find the duration of a 6.8% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 6.8%. What is the duration if the yield to maturity is 9.4%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) |
| Duration | ||
| 6.8% YTM | years | |
| 9.4% YTM | years | |
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Shape Up Your Finances
Authors: Ian Birt
2nd Edition
1925716422, 978-1925716429
