Question
You are looking at investing in a 4 year bond with a face value of 1000, a coupon rate of 12%, and a YTM of
You are looking at investing in a 4 year bond with a face value of 1000, a coupon rate of 12%, and a YTM of 7%. How much is the duration of the bond? (please round your answer to two decimal places)
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
