A bond has 3 years to maturity 8 coupon 7 yield and pays


A bond has 3 years to maturity, 8% coupon, 7% yield and pays annually. Suppose yield decreases by 15 basis points, calculate the duration of your bond.

2.69 years

2.79 years

5.38 years

5.58 years

None of the above

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Financial Management: A bond has 3 years to maturity 8 coupon 7 yield and pays
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