What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity. Question 30 options: 0.50 years 0.52 years 2.80 years 3.14 years
What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity. Question 30 options: 0.50 years 0.52 years 2.80 years 3.14 years
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
Related questions
Question
What is the duration of a bond with a $1,000 par value and a 7% coupon rate. The bond matures in 3 years (pays annual coupons) and has a 9 yield-to-maturity.
Question 30 options:
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0.50 years |
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0.52 years |
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2.80 years |
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3.14 years |
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