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I just remember some keywords for a question: Semiannually, coupon rate =11%, 3 years to maturity,...

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Finance

I just remember some keywords for a question: Semiannually,coupon rate =11%, 3 years to maturity, yield to maturity =10%, facevalue at 1000

How to solve for the duration for this question?

Answer & Explanation Solved by verified expert
3.8 Ratings (695 Votes)
K Nx2Bond Price Coupon1 YTM2k Par value1 YTM2Nx2k1K 3x2Bond Price 1110002001 10200k 10001    See Answer
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I just remember some keywords for a question: Semiannually,coupon rate =11%, 3 years to maturity, yield to maturity =10%, facevalue at 1000How to solve for the duration for this question?

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