A two year coupon bond with a yield of 0.11 (continuously compounded) pays an 6.2%...
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Finance
A two year coupon bond with a yield of 0.11 (continuously compounded) pays an 6.2% coupon at the end of each year. Face value is $1000. Calculate the duration of the bond.
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Selected Answer:
1.41
Correct Answer:
1.94 0.1
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