Find the duration of a 5.2% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.0%. What is the duration if the yield to maturity is 7.0% ? Note: The face value of the bond is $100. (Do not round intermediate calculations. Round your answers to 4 decimal places.) 6% YTM 7% YTM Years Years

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Find the duration of a 5.2% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to
maturity of 6.0%. What is the duration if the yield to maturity is 7.0%? Note: The face value of the bond is $100. (Do not round
intermediate calculations. Round your answers to 4 decimal places.)
6% YTM
7% YTM
#222222222222222
Years
Years
Transcribed Image Text:Find the duration of a 5.2% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.0%. What is the duration if the yield to maturity is 7.0%? Note: The face value of the bond is $100. (Do not round intermediate calculations. Round your answers to 4 decimal places.) 6% YTM 7% YTM #222222222222222 Years Years
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