Given the following bond: Par Value = $1000 Time to Maturity = 8 years Coupon Rate...

Given the following bond:

Par Value = $1000

Time to Maturity = 8 years

Coupon Rate = 6.25%

Coupons are paid annually.

Calculate the Duration of this bond.

Please note this is calculating the duration so you do not need the discount rate or the market price

Expert Solution

jeff jeffy answered 2 years ago

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