You have discovered that the price of a bond rose from $975 to $995 when the yield to maturity fell from 9 75 percent to 9 25 percent What is the duration of the bond ...

You have discovered that the price of a bond rose from $975 to $995 when the yield

Question:

You have discovered that the price of a bond rose from $975 to $995 when the yield to fell from 9.75 percent to 9.25 percent. What is the duration of the bond?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...