Question
Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.6%. What is the duration if the yield to maturity is 10.6%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
| YTM | Duration |
| 6.6% YTM | |
| 10.6% YTM | |
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Contemporary Quantitative Finance
Authors: Carl Chiarella, Alexander Novikov
2010th Edition
3642034780, 978-3642034787
