Question
International Steel Company has issued bonds that pay semiannually with the following characteristics: Coupon Yield to Maturity Maturity Duration 12% 12% 12 years 6.33 years
International Steel Company has issued bonds that pay semiannually with the following characteristics:
| Coupon | Yield to Maturity | Maturity | Duration |
| 12% | 12% | 12 years | 6.33 years |
Calculate the Modified Duration of the bond (rounded to two places).
Group of answer choices
5.97
5.65
6.19
8.72
None of the above
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Income Tax Planning
Authors: Thomas P. Langdon, E. Vance Grange, Michael A. Dalton
5th Edition
1936602075, 978-1936602070
