Consider a security with a face value of $ 2 0 0 , 0 0 0 to

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Question:

Consider a security with a face value of $

200, 000

to be repaid at maturity. The maturity of the security is

2

years. The coupon rate is

4 %

per annum and coupon payments are made semi annually. The current market rate is

3 %

.

.

What is the security

s duration

(

round your answer to two decimals

) ?

Posted Date: May 10, 2024 02:03 AM

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Consider a security with a face value of $ 2 0 0 , 0 0 0 to

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