what is the duration of a six-year bond with a yield of 10%(continuously compounded) pays a 8% coupon at the end of each year? a) 5.93 b) 4.93 c) 4.43 d) 5.43
what is the duration of a six-year bond with a yield of 10%(continuously compounded) pays a 8% coupon at the end of each year? a) 5.93 b) 4.93 c) 4.43 d) 5.43
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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what is the duration of a six-year bond with a yield of 10%(continuously compounded) pays a 8% coupon at the end of each year?
a) 5.93
b) 4.93
c) 4.43
d) 5.43
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