The duration of an 11-year 1000 treasury bond paying a 10, Ask an Expert

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The duration of an 11-year, $1,000 Treasury bond paying a 10 percent semi annual coupon and selling at par has been estimated at 6.9 years. Note that the annual yield to maturity is 10% for this Treasury Bond. What is the modified duration of the bond in years?

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Financial Management, Finance

Category:- Financial Management
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