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
Posted: Wed May 18, 2022 11:47 pm
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
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