Multiple Choice
A bond has a face value of $1,000 and an annual coupon rate of 6 percent. The yield to maturity of this bond is 5 percent, and the bond has 2 years remaining until maturity. Based on this information, this bond's duration is __________ years.
A) 1.9
B) 2.0
C) 1.0
D) 2.2
Correct Answer:
Verified
Correct Answer:
Verified
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