Question
What is the duration of a 9% coupon bond, $1,000 par value that has 3 years left to maturity if the discount rate is 8%?
What is the duration of a 9% coupon bond, $1,000 par value that has 3 years left to maturity if the discount rate is 8%?
| 3 years.
| ||
|
2.82 years.
| ||
|
2.76 years.
| ||
| 3.24 years.
|
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
