Multiple Choice
A bond has a face value of $1,000, an annual coupon rate of 7 percent, yield to maturity of 10 percent, and 20 years to maturity. The bond's duration is
A) 10.0 years.
B) 7.4 years.
C) 20.0 years.
D) 12.6 years.
Correct Answer:
Verified
Correct Answer:
Verified
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