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)
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
