Question: A four - year maturity, zero - coupon corporate bond with a required rate of return of 1 2 percent has an annual duration of

A four-year maturity, zero-coupon corporate bond with a required rate of return of 12 percent has an annual duration of __________blank years.
Multiple Choice
3.22
3.05
4.00
3.71

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!