What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity. Question 30 options: 0.50 years 0.52 years 2.80 years 3.14 years
What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity. Question 30 options: 0.50 years 0.52 years 2.80 years 3.14 years
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14P: Current Yield with Semiannual Payments
A bond that matures in 7 years sells for $1,020. The bond has...
Related questions
Question
What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity.
Question 30 options:
|
0.50 years |
|
0.52 years |
|
2.80 years |
|
3.14 years |
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