Question: Calculate the duration using a five-year bond selling for $1,084.25, paying interest annually, with a face value of $1,000, an annual coupon rate of

Calculate the duration using a five-year bond selling for $1,084.25, paying interest

Calculate the duration using a five-year bond selling for $1,084.25, paying interest annually, with a face value of $1,000, an annual coupon rate of 8%, and a yield to maturity (YTM) of 6% Yield to Matur (YTM) Period (NPER) Cash Flow (FV) $ 1 2 6.00% 3 4 5 PV of CF@YTM $ PV Duration of the Bond (D) = PV X Year $

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