Question: apparently 4.7169811 is not the correct answer Saved ter 110 A bond currently sells for $1,060, which gives it a yield to maturity of 5%.

apparently 4.7169811 is not the correct answer

Saved ter 110 A bond currently sells for $1,060, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 50 basis points, the price of the bond falls to $1,035. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Duration Prev 1 or 4 acer

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