What is the closest value for its duration

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  1. What is the current price of a $1,000 par value bond that has a coupon rate of 6% paid semi-annually, has 14 years remaining to maturity, and has a yield to maturity of 8%.
  2. Zero-coupon bond with a maturity of 10 years has an annual yield of 10%. What is the closest value for its duration
  3. Nicole intends to purchase a 10-year, $1,000 par value bond that pays interest of $60 every six months. If the yield to maturity is 10%, how much she will be willing to pay for this bond?

Reference no: EM131983456

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