A five-year bond with a yield of 11% (annually compounded） pays an 8% coupon at the end of each year. What is the bond's modified duration?（ ）
A: 3.982
B: 4.256
C: 3.843
A: 3.982
B: 4.256
C: 3.843
举一反三
- The duration of a ten - year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. What happens to the price of the bond if the interest rate falls to 8 percent?
- A<br/>coupon bond that pays interest annually is selling at a par value of<br/>$1,000, matures in five years, and has a coupon rate of 9%. The yield<br/>to maturity on this bond is ________ A: 8.0%. B: 8.3%. C: 9.0%. D: 10.0%. E: None<br/>of the options are correct.
- A bond paid coupons twice a year, the frequency of coupon payment is _________. A: annually B: semi-annually C: quarterly D: monthly
- A coupon bond pays the owner of the bond _________
- A coupon bond pays the owner of the bond a fixed interest payment (coupon payment) every year until the maturity date, when a specified final amount (face value or par value) is repaid. （ ） A: True B: False