Find the duration of a 10-year, 8% bond that is trading at a yield of 10%...

Find the duration of a 10-year, 8% bond that is trading at a yield of 10% and pays coupons every 6 months.

Please round your numerical answer to two decimal places.

Expert Solution

Assumed that par value =1,040

Maturity value at end of 10 year = $40 + $1,000 = $1,040

jeff jeffy answered 2 years ago

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Find the duration of a 10-year, 8% bond that is trading at a yield of 10%...

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