Find the duration of a 6% coupon bond that makes annual coupon payments if it has three
Fantastic news! We've Found the answer you've been seeking!
Question:
Find the duration of a 6% coupon bond that makes annual coupon payments if it has three years to maturity and a yield to maturity of 6%. What is the duration if the yield to maturity is 10%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
YTM | Duration |
6% YTM | |
10% YTM | |
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
Posted Date: