Multiple Choice
An annual payment bond with a $1,000 par has a 5 percent quoted coupon rate,a 6 percent promised YTM,and six years to maturity. What is the bond's duration?
A) 5.31 years
B) 5.25 years
C) 4.76 years
D) 4.16 years
E) 3.19 years
Correct Answer:
Verified
Correct Answer:
Verified
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