Question
You purchased a bond today with a face value of $100,000. It pays coupons semiannually at an annual rate of 8%. It matures in 7
You purchased a bond today with a face value of $100,000. It pays coupons semiannually at an annual rate of 8%. It matures in 7 years and has an annual YTM of 5%. What is the duration of the bond?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
