Question
You intend to purchase a 1-year, $1,000 face value bond. Coupon rate of this bond is 18%. Market interest rate is 24 percent. Coupon payments
You intend to purchase a 1-year, $1,000 face value bond. Coupon rate of this bond is 18%. Market interest rate is 24 percent. Coupon payments are semiannual, what is the duration of the bond? (Answer is rounded)
Your answer:
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
