Find the duration of a 54 coupon bond making annual coupon


Question: Find the duration of a 5.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 5.4%. What is the duration if the yield to maturity is 9%? Note: The face value of the bond is $1,000. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Find the duration of a 54 coupon bond making annual coupon
Reference No:- TGS02768900

Expected delivery within 24 Hours