uestion 13 Consider a thre-year bond that has a face vlaue of S1000 and pays an annual coupon of 9 percent. If the current yield to maturity on this bond is 5 percent, what is its duration?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Question 13
Consider a three-year bond that has a face vlaue of S1000 and pays an annual coupon of 9 percent. If the current yield to maturity on this bond is 5
percent, what is its duration?
Transcribed Image Text:Question 13 Consider a three-year bond that has a face vlaue of S1000 and pays an annual coupon of 9 percent. If the current yield to maturity on this bond is 5 percent, what is its duration?
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