Multiple Choice
Calculate the duration of a two-year corporate bond paying 6 percent interest annually,selling at par.Principal of $20,000,000 is due at the end of two years.
A) 2 years.
B) 1.91 years.
C) 1.94 years.
D) 1.49 years.
Correct Answer:
Verified
Correct Answer:
Verified
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