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The bond from Belvedere Corporation is a thirty-year, Aaa-rated bond with an 11.52% coupon. It was issued in 1996 and matures at the end of
The bond from Belvedere Corporation is a thirty-year, Aaa-rated bond with an 11.52% coupon. It was issued in 1996 and matures at the end of 2026. Interest is paid on a semi- annual basis and is still currently due for 2020, while its current value is $ 1,339.00 and the par value of Belvedere's bond is $1,000. Calculate the YTM and duration of this bond
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