# Calculate the duration of a $1,000, 6% coupon bond with three years to maturity. Assume that all

## Question:

Coupon

A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**

## Financial Markets And Institutions

**ISBN:** 978-0132136839

7th Edition

**Authors:** Frederic S. Mishkin, Stanley G. Eakins