Question
Find the duration of a 7% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity
| Find the duration of a 7% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 7%. What is the duration if the yield to maturity is 8.4%? Note: The face value of the bond is $1,000 |
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
