The Duration of a Par-Value Bond with a Coupon Rate

question 15

Multiple Choice

The duration of a par-value bond with a coupon rate of 6.5% and a remaining time to maturity of 4 years is

• A) 3.65 years.
• B) 3.45 years.
• C) 3.85 years.
• D) 4.00 years.

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