Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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11) Consider a four-year annual bond paying a 8.5% coupon, with a yield to maturity of 9.3%. What is the duration of the bond?
A) 3.831
B) 3.785
C) 3.614
D) 3.548
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