Question
Find the duration of a 7.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity
Find the duration of a 7.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 7.4%. 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 | ||
| 7.4% YTM | years | |
| 9.4% YTM | years | |
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
