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A Government Bond Is Scheduled to Mature in 5 Years

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A government bond is scheduled to mature in 5 years. Its coupon rate is 10 percent, with interest paid to holders of record at the conclusion of each year. This $1,000 par value carries a current yield to maturity of 10 percent. What is its duration?
A government bond is scheduled to mature in 5 years. Its coupon rate is 10 percent, with interest paid to holders of record at the conclusion of each year. This $1,000 par value carries a current yield to maturity of 10 percent. What is its duration?

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