Question
The duration of a 6 year, annual bond with a coupon of 2% is ______? Here, based on the info provided and your conceptual knowledge
The duration of a 6 year, annual bond with a coupon of 2% is ______? Here, based on the info provided and your conceptual knowledge of the term duration as an indicator of the price volatility of a bond, you should be able to find the solution below. No detailed calculation needed!
Group of answer choices
None of the above
Less than 6 years
More than 6 years
Equal to 6 years
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Understanding Healthcare Financial Management
Authors: Louis C. Gapenski, George H. Pink
6th Edition
1567933629, 9781567933628
