Question
Given the following information about a bond, calculate the modified duration of the bond. i) The term-to-maturity is two years. ii) Coupons are payable annually
Given the following information about a bond, calculate the modified duration of the bond.
i) The term-to-maturity is two years.
ii) Coupons are payable annually at 5%.
iii) The bond is trading at par.
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Survey of Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt
1st edition
1119330025, 978-1119444244, 1119444241, 978-1119306474, 1119306477, 978-1119330028
