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BankIt holds a security with a face value of $100 000, which is to be...

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Finance

BankIt holds a security with a face value of $100 000, which is to be repaid at maturity. The security pays an annual coupon of 8% and has a maturity of three years. The current discount rate is 10%. What is the security's current price (ie the present value of the future cash flows )?

BankIt holds a security with a face value of $100 000, which is to be repaid at maturity. The security pays an annual coupon of 8% and has a maturity of 3 years. The current discount rate is 10%. How does the price of the security change if interest rates decrease by 100 basis points?

BankIt holds a security with a face value of $100 000, which is to be repaid at maturity. The security pays an annual coupon of 8% and has a maturity of three years. The current discount rate is 10%. What is the security's duration?

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