Chartered Financial Analyst Level 1
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An analyst gathers the following information about a 6% coupon bond currently trading at par:
Benchmark Rate Price per 100 of Par Value 5.9% 100.75 6.0% 100.00 6.1% 99.26
The bond's effective duration is closest to:
An analyst gathers the following information about a 6% coupon bond currently trading at par:
| Benchmark Rate | Price per 100 of Par Value |
|---|---|
| 5.9% | 100.75 |
| 6.0% | 100.00 |
| 6.1% | 99.26 |
The bond's effective duration is closest to:
Exam-Like
A
3.75
0.0%
B
7.45
100.0%
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