A bond with a face value of $1,000 has coupon rate of 7%, yield to maturity of 10%, and twenty years to maturity. The bond's duration is:
A) 10.0 years
B) 7.4 years
C) 20.0 years
D) 12.6 years

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The Answer of A bond with a face value of $1,000 has coupon rate of 7%, yield to maturity of 10%, and twenty years to maturity. The bond's duration is:
A) 10.0 years
B) 7.4 years
C) 20.0 years
D) 12.6 years

A Bond with a Face Value of $1,000 Has Coupon