You have a personal loan that will be repaid in full by two payments. One repayment is $10,000 and this is due one year from today, and the second repayment of $30,000 is due two years from today. The current yield on all bonds is 3% p.a. with coupons paid annually. Calculate the dollar duration of your obligation.

Answer rating: 100% (QA)

To calculate the dollar duration of the obligation we need to first calculate the ... View the full answer