Calculate the value of duration for a four-year, $1,000 par value U. government bond purchased today at a yield to maturity of 15 percent.

Calculate the value of duration for a four-year, $1,000 par value U.S.government bond purchased today at a yield to maturity of 15 percent. Thebond’s coupon rate is 12 percent, and it pays interest at year’s end. Nowsuppose the market interest rate on comparable bonds falls to 14 percent. Whatpercentage change in this bond’s price will result?

Calculate the value of duration for a four-year, $1,000 par value U.S.government bond purchased today at a yield to maturity of 15 percent. Thebond’s coupon rate is 12 percent, and it pays…

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