(Solved by Humans)-21. The duration of a par value bond with a coupon rate of 10%
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21. The duration of a par value bond with a coupon rate of 10% and a remaining time to maturity of 4 years is __________. (Assuming a yield of 10% and par = $1,000.)
- A) ?3.50
Here is the answer but i need to know the steps and how it was found?
Year
CF
1
2
3
4
PV
weight of PV weight * year
100 90.90909 0.0909090909 0.090909
100 82.64463 0.0826446281 0.165289
100 75.13148 0.0751314801 0.225394
1100 751.3148 0.7513148009 3.005259
1000
1...
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This question was answered on: 10 May, 2025
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