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Question
A semiannual payment bond with a $1,000 par has a 5% coupon rate, a 6% YTM, and 5 years to maturity. What is the bond's duration?a. 5.00 years
b. 4.85 years
c. 4.76 years
d. 4.47 years
Answer
This answer is hidden. It contains 3 characters.
Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
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c. The 9/11 Act
d. The U.S. Treasury Department Act
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