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-The Short-Term Debt Consists of 4-Year Bonds Paying an Annual

Question 21

Multiple Choice

-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt? A) 3.28 years. B) 3.53 years. C) 3.78 years. D) 4.03 years. E) 4.28 years.
-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?


A) 3.28 years.
B) 3.53 years.
C) 3.78 years.
D) 4.03 years.
E) 4.28 years.

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