A certain bond has a 5-year maturity, pays a coupon rate of 7%, and sells for $1,064.80.
Fantastic news! We've Found the answer you've been seeking!
Question:
A certain bond has a 5-year maturity, pays a coupon rate of 7%, and sells for $1,064.80. What is the bond's duration in years assuming that coupon payments are made semiannually? Report your answer to two decimal places.
Related Book For
Posted Date: