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Write the equation for the duration of a $100 face value bond with coupons that pay annually over 3 years. The coupon yield is 5%.
- Write the equation for the duration of a $100 face value bond with coupons that pay annually over 3 years. The coupon yield is 5%. The market yield is 6%. The spot yield curve is: 1st year is 4%, 2nd year is 5%, 3rd yr is 6%.
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
