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What is the duration (D) of a corporate bond with coupon rate of 8.94%, if the market rate is currently 4.43% and the term is five years ( assume the face value is $1,000)? Please enter your response to the nearest 100th of a year (for instance 4.56 years).

What is the duration (D) of a corporate bond with coupon rate of 8.94%, if the market rate is currently 4.43% and the term is five years ( assume the face value is $1,000)? Please enter your response to the nearest 100th of a year (for instance 4.56 years).

Essentials Of Investments
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
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What is the duration (D) of a corporate bond with coupon rate of 8.94%, if the market rate is currently 4.43% and the term is five years ( assume the face value is $1,000)? Please enter your response to the nearest 100th of a year (for instance 4.56 years).
Transcribed Image Text:What is the duration (D) of a corporate bond with coupon rate of 8.94%, if the market rate is currently 4.43% and the term is five years ( assume the face value is $1,000)? Please enter your response to the nearest 100th of a year (for instance 4.56 years).
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