Find the duration of a 7% coupon bond making annual coupon payments if it has th
ID: 2714460 • Letter: F
Question
Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.4%. What is the duration if the yield to maturity is 10.4%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.4%. What is the duration if the yield to maturity is 10.4%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
Explanation / Answer
Find the duration of a 7% coupon bond making annual coupon payments if it has th