Multiple Choice
Calculate the duration of a 6 percent, $1,000 par bond maturing in three years if the yield to maturity is 10 percent and interest is paid semiannually.
A) 1.35 years
B) 1.78 years
C) 2.50 years
D) 2.78 years
E) 2.95 years
Correct Answer:
Verified
Correct Answer:
Verified
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