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What is the duration of a $1000 face value bond paying an annual 8% coupon with 4 years to maturity when the yield to ma

Posted: Wed Mar 30, 2022 3:42 pm
by answerhappygod
What is the duration of a $1000 face value bond paying an annual
8% coupon with 4 years to maturity when the yield to maturity is
4%?
Select one:
a.
3.806 years
b.
2.450 years
c.
2.675 years
d.
3.607 years