What is the duration of a bond with three years to maturity
Question:
What is the duration of a bond with three years to maturity and a coupon of 6 percent paid annually if the bond sells at par? (Round your answer to 5 decimal places. (e.g., 32.16161)
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The Mayor and the City Council are championing the issuance of a new bond issue to finance infrastructure improvements needed for the School District.
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What is the duration of a bond with three years to maturity and a coupon of 6 percent paid annually if the bond sells at par?
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