What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par?

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 4MC
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  1. What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par?

 

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