What is the duration of a two year bond

Reference no: EM133492000

Question: What is the duration of a two year bond with a face value of $1000 and an annual coupon of 6%pa if the current yield to maturity is 7%pa? (answer in years, rounded to four decimal places)

Reference no: EM133492000

Questions Cloud

Distinguish payroll taxes from income taxes : Distinguish payroll taxes from income taxes, and comment on how they are used to fund different federal health benefits.

What is the initial cost of the plant if the company typical : The flotation cost on new debt is 5%. What is the initial cost of the plant if the company typically uses 60% retained earnings

Research acquisitions currently underway : Research acquisitions currently underway and choose one of these acquisitions to discuss.

Analyze the culture of poverty vs restricted opportunity : Write a 2 to 3 pages paper that analyzes the difference between the culture of poverty vs restricted opportunity in understanding poverty.

What is the duration of a two year bond : What is the duration of a two year bond with a face value of $1000 and an annual coupon of 6%pa if the current yield to maturity is 7%pa

Define strategic management : How is "strategic management" defined in the text, and what are its four key attributes? Which of these attributes are seen in the Robin Hood case?

What are some social patters to global poverty discussed : What are some social patters to global poverty discussed in the documentary? - What does sustainable development look like? What is "sustainable"?

Why are cultural groups disproportionately affect by obesity : Why are some cultural/ethnic groups disproportionately affected by obesity? List three actions that can be taken to address this obesity in your culture.

Discuss the implications of the deviations from purchasing : Discuss the implications of the deviations from purchasing power parity for coun- tries' competitive positions in the world market.

User Account

All Pages