Question
What is the price (p) and duration (d) of a 6% coupon bond maturing in 20 years and paying interst annually if the current interest
What is the price (p) and duration (d) of a 6% coupon bond maturing in 20 years and paying interst annually if the current interest rate is 9%?
Select one:
A) p= 311.80, d= 9.18
B) p= 726.14, d= 10.77
C) p= 726.14, d= 11.55
D) p= 1,344.10, d= 12.43
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
