Calculate the duration of a $1,000 4-year bond with an 8% coupon (annual payments) that is currently
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Calculate the duration of a $1,000 4-year bond with an 8% coupon (annual payments) that is currently selling at par.
CouponA 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...
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Financial Institutions, Markets and Money
ISBN: 978-1119330363
12th edition
Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias
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