8) Consider a six-year annual bond paying a 7% coupon, with a yield to maturity of 5.0%. What is the duration of the bond? A) 4.925 B) 5.148 C) 5.236 D) 5.687
8) Consider a six-year annual bond paying a 7% coupon, with a yield to maturity of 5.0%. What is the duration of the bond? A) 4.925 B) 5.148 C) 5.236 D) 5.687
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 7PROB
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8) Consider a six-year annual bond paying a 7% coupon, with a yield to maturity of 5.0%. What is the duration of the bond?
A) 4.925
B) 5.148
C) 5.236
D) 5.687
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