What is the duration of a bond with annual payments of 6% coupon rate, $1,000 par value, 7 years to maturity, yielding 5.25% ? 6.11 years 5.72 years 7 years 6.15 years 5.94 years
What is the duration of a bond with annual payments of 6% coupon rate, $1,000 par value, 7 years to maturity, yielding 5.25% ? 6.11 years 5.72 years 7 years 6.15 years 5.94 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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Question
What is the duration of a bond with annual payments of
6%
coupon rate,
$1,000
par value, 7 years to maturity, yielding
5.25%
?
6.11
years
5.72
years 7 years
6.15
years
5.94
years
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