PTRA Inc.'s $1,000 face value 8% coupon bond has remaining maturity of 10 months. It pays coupon
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Question:
PTRA Inc.'s $1,000 face value 8% coupon bond has remaining maturity of 10 months. It pays coupon every 3 months. Annual interest rates for upcoming coupon payment dates are 7%,12%, 11%, and 9% and the current yield curve is downward slopping.
Calculate the durationof the bond?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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