fbpx

Duration of the Bond Assignment | Homework For You

You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.4 percent to 79 percent, the fair present value rose from $960 to $980. The bond pays Interest annually. What is the duration of this bond? Assume annual payments. Do not round intermediate calculations. Round your answer to 1 decimal place. (eg. 32.1) Get Finance homework help today Homework For You

Don't use plagiarized sources. Get Your Assignment on
Duration of the Bond Assignment | Homework For You
Just from $13/Page
Order Now
Calculate your paper price

Pages(550 words)

Approximate price:-