James Bank has purchased a bond that has a coupon rate of 7.25% and a face...

James Bank has purchased a bond that has a coupon rate of 7.25% and a face value of $1,000. It has 4 years to maturity and is currently selling in the market for $1,085. The bond makes annual coupon payments. What is the duration of this bond? Please show your work

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jeff jeffy answered 3 years ago

James Bank has purchased a bank-qualified municipal bond with a coupon rate of 4.5%. The bank...

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An Apple annual coupon bond has a coupon rate of 6.8%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 6.8%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.

An Apple annual coupon bond has a coupon rate of 5.1%, face value of $1,000, and...

An Apple annual coupon bond has a coupon rate of 5.1%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 5.1%, what is its Modified Duration? Answer in years, rounded to three decimal places.

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