A bond pays annual interest. Its coupon rate is 3%. Its value at maturity is $1,000. It matures in 4 years. Its yield to

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A bond pays annual interest. Its coupon rate is 3%. Its value at maturity is $1,000. It matures in 4 years. Its yield to

Post by answerhappygod »

A bond pays annual interest. Its coupon rate is 3%. Its value at
maturity is $1,000. It matures in 4 years. Its yield to maturity is
currently 9%. The duration of this bond is ________
years.
Group of answer choices
3.22
3.81
3.34
4.54
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”