
Explanation:
(Book 4, Module 58.2, LO 58.d)
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Question 38
The following table provides price and yield information on a particular bond:
| Day | Price | Yield |
|---|---|---|
| Tuesday | 105.40 | 3.70% |
| Wednesday | 105.80 | 3.65% |
| Thursday | 105.24 | 3.72% |
The duration of the bond is closest to:
A
5.8.
B
6.3.
C
7.6.
D
8.4.
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