Question
Portfolio A consists of a 1-year zero-coupon bond with a face value of $7,000 and a 7-year zero-coupon bond with a face value of $8,000.
Portfolio A consists of a 1-year zero-coupon bond with a face value of $7,000 and a 7-year zero-coupon bond with a face value of $8,000. The current yield on all bonds is 11.75% per annum. (Answer with two decimal digits)
What is the duration of portfolio A is:
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
