Question
On March 1, 2027, you buy a 15-year bond originally issued on March 1, 2022 with a 2.5% annual coupon. What is the duration
On March 1, 2027, you buy a 15-year bond originally issued on March 1, 2022 with a 2.5% annual coupon. What is the duration stated in years of this bond as of your purchase date if your expected YTM is 6.5%? 10.00 years 9.57 years 8.08 years 8.73 years 15.00 years
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
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