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I have the solution by hand, but I am wondering if anyone can show me the steps to calculate the duration on an HP 10bII+
I have the solution by hand, but I am wondering if anyone can show me the steps to calculate the duration on an HP 10bII+ Financial Calculator?
Thank you.
Consider the following. a. What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par? b. What is the duration of a three-year Treasury bond with a 10 percent semiannual coupon selling at par? c. What is the duration of a two-year Treasury bond with a 10 percent semiannual coupon selling at par? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a. Duration of the bond b. Duration of the bond c. Duration of the bond years years yearsStep by Step Solution
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