Unformatted text preview: 6.7603453 Calculate the modified duration of a five-year par value bond with 4% annual coupons and an effective rate of interest equal to 8%. A) 4.25 B) 4.59 C) 3.97 D) 4.18 E) 4.31...
View Full Document
This note was uploaded on 08/31/2010 for the course FM 13678 taught by Professor Kellison during the Spring '10 term at St. Clair College.
- Spring '10