Multiple Choice
Assume a bond with a $1,000 par value and a 7 percent coupon rate, three years remaining to maturity, and a 9 percent yield to maturity. The duration of this bond is ____ years.
A) 1.92
B) 2.5
C) 2.8
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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