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

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Expert Solution

jeff jeffy answered 1 year ago

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