A Zero Coupon Bond Is Selling at a Deep Discount

question 72

Multiple Choice

A zero coupon bond is selling at a deep discount price of $430.00.It matures in 13 years.If the yield to maturity of the bond is 6.7%,what is the duration of the bond?

• A) 6.7 years
• B) 8.0 years
• C) 10 years
• D) 13 years

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