Question
Questions 5 and 6 are based on the following information. A bond has a face value of $100, 2 years to maturity, pays an annual
Questions 5 and 6 are based on the following information. A bond has a face value of $100, 2 years to maturity, pays an annual coupon at a coupon rate of 8% and is currently trading at a yield of 11%. What is the current price of the bond? And the duration of the bond?
a. $94.157 b. $93.780 c. $93.224 d. $94.862
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Inefficient Markets An Introduction To Behavioral Finance
Authors: Andrei Shleifer
1st Edition
0198292279, 978-0198292272
