A bond with a face value of RM 1,000 has coupon rate of 7%, yield to maturity of 10%, and twenty years to maturity. The bond's duration is?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14P: Current Yield with Semiannual Payments A bond that matures in 7 years sells for $1,020. The bond has...
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A bond with a face value of RM 1,000 has coupon rate of 7%, yield to maturity of 10%, and twenty years to maturity. The bond's duration is?
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