{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T17:26:38-04:00", "answer_date": "2024-06-09 17:26:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2530327", "url": "\/study-help\/questions\/fundy-bank-has-a-1-million-position-in-a-fiveyear-2530327", "question_creation_date_js": "2024-06-09T17:26:38-04:00", "question_creation_date": "Jun 09, 2024 05:26 PM", "meta_title": "[Solved] Fundy Bank has a $1 million position in a | SolutionInn", "meta_description": "Answer of - Fundy Bank has a $1 million position in a five-year, zero-coupon bond with a face value of $1,402,552. The bond is tra | SolutionInn", "meta_keywords": "fundy,bank,$1,million,position,five-year,zero-coupon,bond,face,value,$1,402,552,trading", "question_title_h1": "Fundy Bank has a $1 million position in a five-year, zero-coupon bond with a face value of $1,402,552. The bond is trading at a yield", "question_title": "Fundy Bank has a $1 million position in a five-year, zero-coupon bond", "question_title_for_js_snippet": "Fundy Bank has a $1 million position in a five year, zero coupon bond with a face value of $1,402,552 The bond is trading at a yield to maturity of 7 00 percent What is the modified duration of these bonds ", "question_description": "
  1. Fundy Bank has a $1 million position in a five-year, zero-coupon bond with a face value of $1,402,552. The bond is trading at a yield to maturity of 7.00 percent.<\/li><\/ol>

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    What is the modified duration of these bonds?<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting for Governmental and Nonprofit Entities", "isbn": "978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960", "edition": "15th Edition", "authors": "Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/70.jpg", "uri": "\/textbooks\/accounting-for-governmental-and-nonprofit-entities-15th-edition-70", "see_more_uri": "" }, "free_related_book": { "isbn": "0553586610", "uri": "\/textbooks\/a-cold-treachery-978-0553586619-119467", "name": "A Cold Treachery", "edition": "" }, "question_posted": "2024-06-09 17:26:38", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-sleepy-barber-problem-dijkstra-1968-a-barbershop-is-designed", "description": "The sleepy Barber problem [Dijkstra, 1968]. 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