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Annette [7]
2 years ago
7

Find the duration of a 5% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity

of 6.3%. What is the duration if the yield to maturity is 10.3%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
Business
1 answer:
lidiya [134]2 years ago
5 0

Answer:

2.8238 Years

Explanation:

Please see attachment

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