Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the duration of a $1,000 par value bond with a coupon rate of 8%, a yield-to- maturity of 6%, and 4 years left

image text in transcribed

What is the duration of a $1,000 par value bond with a coupon rate of 8%, a yield-to- maturity of 6%, and 4 years left to maturity? (Assume annual coupon payments) O 3.25 years 3.59 years 3.72 years 0 3.86 years None of above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

Decide who will do what.

Answered: 1 week ago