A bond has the following trading data: Coupon rate = 7 1/4%; Current price = 107.78125% of par; Maturity = 2 years. Bonds such this pay interest semiannually. DURATION. Calculate the duration of this bond. Be sure to store your intermediate data as you calculate your final answer. Question options: 1) 1.934 years 2) 1.907 years 3) 1.852 years 4) None of the above
A bond has the following trading data: Coupon rate = 7 1/4%; Current price = 107.78125% of par; Maturity = 2 years. Bonds such this pay interest semiannually. DURATION. Calculate the duration of this bond. Be sure to store your intermediate data as you calculate your final answer. Question options: 1) 1.934 years 2) 1.907 years 3) 1.852 years 4) None of the above
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A bond has the following trading data: Coupon rate = 7 1/4%; Current price = 107.78125% of par; Maturity = 2 years. Bonds such this pay interest semiannually.
DURATION. Calculate the duration of this bond. Be sure to store your intermediate data as you calculate your final answer.
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