Find the duration of a 9.0% coupon bond making semiannually coupon payments i maturity of 9.0%. What is the duration if the yield to maturity is 11.4%? Note: The face value of the bond is $1,000. Do not round intermediate calculati 9% YTM 11.4% YTM Duration years years
Find the duration of a 9.0% coupon bond making semiannually coupon payments i maturity of 9.0%. What is the duration if the yield to maturity is 11.4%? Note: The face value of the bond is $1,000. Do not round intermediate calculati 9% YTM 11.4% YTM Duration years years
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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![Find the duration of a 9.0% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to
maturity of 9.0%. What is the duration if the yield to maturity is 11.4%?
Note: The face value of the bond is $1,000. Do not round intermediate calculations. Round your answers to 2 decimal places.
9% YTM
11.4% YTM
Duration
years
years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6d25292-7b99-469a-aeb5-35a8f1578cc0%2F64031970-f0f9-42fc-8aca-a5ff78004d3a%2Fkd23hbp_processed.png&w=3840&q=75)
Transcribed Image Text:Find the duration of a 9.0% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to
maturity of 9.0%. What is the duration if the yield to maturity is 11.4%?
Note: The face value of the bond is $1,000. Do not round intermediate calculations. Round your answers to 2 decimal places.
9% YTM
11.4% YTM
Duration
years
years
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