Question
Suppose there is an annual coupon bond with a maturity of 3 years, a par value of $2,000, a coupon rate of 2%, and (annual)
Suppose there is an annual coupon bond with a maturity of 3 years, a par value of $2,000, a coupon rate of 2%, and (annual) yield of 5%. What is the duration of the Bond in years? What is the convexity measure of the Bond in years?
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Investment Science
Authors: David G. Luenberger
1st International Edition
0195391063, 9780195391060
