Question: Duration, which captures the expected time it will take for the price of the debt to be repaid in total cash flow, has been on

Duration, which captures the expected time it will take for the price of the debt to be repaid in total cash flow, has been on an upward march for a couple of years. The rise has been driven by a rush of companies issuing longer-maturity debt at a time when borrowing costs are low. The average duration for investment-grade corporate bonds now stands at 8.3 years, according to data from ICE Data Services, up from 7.7 years at the start of 2020 and just 6.5 years a decade ago. Question 3.47 Homework Unanswered Due Today, 11:59 PM What was the average duration of investment-grade bonds at the time the article quoted above was published? Answer in years showing one decimal place.

Duration, which captures the expected time it will take for the price of the debt to be repaid in total cash flow, has been on an upward march for a couple of years. The rise has been driven by a rush of companies issuing longer-maturity debt at a time when borrowing costs are low. The average duration for investment-grade corporate bonds now stands at 8.3 years, according to data from ICE Data Services, up from 7.7 years at the start of 2020 and just 6.5 years a decade ago. Question 3.47 Momework - Unanowered - Due Today, 11:59 pu. What was the average duration of investment-grade bonds at the time the article quoted above was published? Answer in years thowing one decimal place

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