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What is the duration of a three-year bond with a 3% coupon rate and a 3% yield to maturity? (If necessary, you can assume the
What is the duration of a three-year bond with a 3% coupon rate and a 3% yield to maturity? (If necessary, you can assume the face value of the bond is $1,000.)
| A. | 2.8334 | |
| B. | 2.8861 | |
| C. | 2.8594 | |
| D. | 2.9416 | |
| E. | 2.9135 |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
