A $1,000 par value bond pays an annual coupon of 10.0% and matures in 4 years .

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A$1,000par value bond pays an annualcouponof10.0%and matures in4 years. If the bond sells toyield7%, what is themodified durationof thisbond?

a) The regulardurationis:

b) Themodified durationis:

Posted Date: May 19, 2024 05:14 PM

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A $1,000 par value bond pays an annual coupon of 10.0% and matures in 4 years .

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