Question
What is the duration of a $1000 face value bond paying an annual 8% coupon with 4 years to maturity when the yield to maturity
What is the duration of a $1000 face value bond paying an annual 8% coupon with 4 years to maturity when the yield to maturity is 4%?
Select one:
a.3.806 years
b.2.450 years
c.2.675 years
d.3.607 years
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
