Find the duration of a bond with settlement date May 27, 2018, and maturity date November 15,
Question:
Find the duration of a bond with settlement date May 27, 2018, and maturity date November 15, 2027. The coupon rate of the bond is 7%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 8%. You can use Spreadsheet 11.2, available in Connect; link to Chapter 11 material.
Spreadsheet 11.2
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Step by Step Answer:
To find the duration of a bondwe can use the following formula Duration Present Value of Cash Flow T...View the full answer
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Related Book For 
ISE Essentials Of Investments
ISBN: 9781265450090
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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