Find the duration of a 7.2% coupon bond making annual coupon payments if it has three years
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Question:
Find the duration of a 7.2% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 7.2%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
b. What is the duration if the yield to maturity is 10%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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