Question: If there is 10-year bond whose coupon rate is continuously adjusted to equal to its yield to maturity, which one below is closest to the
If there is 10-year bond whose coupon rate is continuously adjusted to equal to its yield to maturity, which one below is closest to the bond's duration? Hint: A bond with coupon rate equal to the yield to maturity will be priced at its face value, i.e., it is a par-value bond as we learnt in lecture 1. OA. O year O B. There is no sufficient information to get the answer O C. 10.00 years OD. 9.75 years O E. 9.50 years
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