Question: work inside formulas 3. A bond with 4 years remaining to maturity has an annual coupon rate of 6.80%, and a face value of $1,000.

work inside formulas work inside formulas 3. A bond with 4 years remaining to maturity

3. A bond with 4 years remaining to maturity has an annual coupon rate of 6.80%, and a face value of $1,000. Assume the yield to maturity is 6.20% and answer the questions below. (You may use a financial calculator to get the PV of the bond in this problem - but show your calculator entries, i.e., 1000 FV, etc). a) (11 points) What is the duration of this bond

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