The yield is 8 per year calculate the duration show


A company issued a bond with a face value of $3,000, two-years maturity, with a coupon rate of 14% per year paid semiannually. The yield is 8% per year. Calculate the Duration. (show work)

Solution Preview :

Prepared by a verified Expert
Finance Basics: The yield is 8 per year calculate the duration show
Reference No:- TGS02693878

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)