What is the duration if the yield to maturity is 13 note


Find the duration of a 10% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 10%. What is the duration if the yield to maturity is 13%? Note: The face value of the bond is $1,000.

10% YTM years

13% YTM years

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Finance Basics: What is the duration if the yield to maturity is 13 note
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