Calculate the Duration of an 8% Coupon Bond That Makes

question 330

Multiple Choice

Calculate the duration of an 8% coupon bond that makes annual coupon payments that is currently priced at $950 and has three years left to maturity.

• A) 3.2 years
• B) 3.0 years
• C) 2.8 years
• D) 2.6 years
• E) 2.4 years

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