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 7.4%. What is the duration if the yield to maturity is 11.4%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
| YTM | Duration |
| 7.4% YTM | |
| 11.4% YTM | |
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
