Find the duration of a 6.4% - 75559

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  • From: Mathematics, Algebra
  • Due on: Wed 15 Oct, 2014 (04:19pm)
  • Asked on: Wed 15 Oct, 2014
  • Due date has passed, but you can still Post Solution.

Find the duration of a 6.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 6.4%.

What is the duration if the yield to maturity is 10%? Note: The value of the bond is $1,000. Do  not round intermediate calculations. Round your answer to 2 decimal places.


6.4%YTM  is _____  years

10%YTM   is______ years

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