Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi- annually, and trading at a yield to matu

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answerhappygod
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Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi- annually, and trading at a yield to matu

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Find the duration of a 10-year, $1000 face value bond, paying a6% coupon semi- annually, and trading at a yield to maturity of 7%for 2 cases: 1) if the 7% YTM is a nominal rate; 2) if the 7% YTMis an effective rate.
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