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3. XYZ bond matures in 28 years at $1,000, carries a 4.4% coupon, paid semi-annually, and comparable bonds are yielding 4.6%. What is the modified duration of the bond? 13.75 years A. B. C. D. Make your selection: 14.97 years 15.80 years 16.20 years C

3. XYZ bond matures in 28 years at $1,000, carries a 4.4% coupon, paid semi-annually, and comparable bonds are yielding 4.6%. What is the modified duration of the bond? 13.75 years A. B. C. D. Make your selection: 14.97 years 15.80 years 16.20 years C

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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3. XYZ bond matures in 28 years at $1,000, carries a 4.4% coupon, paid semi-annually, and comparable bonds are yielding 4.6%. What is the modified duration of the bond? A. B. C. D. Make your selection: 13.75 years 14.97 years 15.80 years 16.20 years C
Transcribed Image Text:3. XYZ bond matures in 28 years at $1,000, carries a 4.4% coupon, paid semi-annually, and comparable bonds are yielding 4.6%. What is the modified duration of the bond? A. B. C. D. Make your selection: 13.75 years 14.97 years 15.80 years 16.20 years C
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