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A Newly Issued Bond Has A Maturity Of 4 Years And Pays A 7% Coupon Rate P A (With Coupon Payments Coming Once

SOLUTION 3) Duration ofthe bond can be calculated as below: Cash Flow PVIF PV of CF (PV/Tota1)* Year
0.934579 65.42056 0.065420561
0.873439 61.14071 0.122281422 0.316293 57.14035 0171422554
1070…Finance