Find the duration of a 4 coupon bond making annual coupon


Find the duration of a 4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 4%. What is the duration if the yield to maturity is 6%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

Duration 4% YTM:

6% YTM:

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Financial Management: Find the duration of a 4 coupon bond making annual coupon
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