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What is the duration of a two year bond with a face value of $1000 and an annual coupon of 8%pa if the current yield
What is the duration of a two year bond with a face value of $1000 and an annual coupon of 8%pa if the current yield to maturity is 11%pa? (answer in years, rounded to four decimal places)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
