Problemfor instance for a 6 year bond you recover in, Ask an Expert

Accounting

Problem:

For instance, for a 6 year bond you recover in present value terms 6% of the investment in year one, 4% in year two, 8% in year three, 3% in year four, 5% in year 5 and remainder in the last year.

Required:

Question: What is the duration of this bond?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170299

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