Find the modified duration


Problem:

A zero-coupon bond matures in eight years. It is sold to yield 5% annually.

Required:

Question: Find the modified duration D(0.05, 1)

a. 8.80
b. 5.89
c. 6.64
d. 7.62
e. 10.01

Note: Please show guided help with steps and answer.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Find the modified duration
Reference No:- TGS0885276

Expected delivery within 24 Hours