A $1,000 par value bond with a coupon interest rate of 12% per year paid semiannually matures

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A $1,000 par value bond with a coupon interest rate of 12% per year paid semiannually matures in 2.5 years. The YT< for bonds of similar risk is 12%. Calculate the duration of this bond to 5 decimal place accuracy. Show work.

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Posted Date: Apr 24, 2024 09:21 AM

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A $1,000 par value bond with a coupon interest rate of 12% per year paid semiannually matures

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To calculate the duration of a bond we need to consider the present value of each cash ... View the full answer

Fundamentals of Cost Accounting

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