-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?
A)3.28 years.
B)3.53 years.
C)3.78 years.
D)4.03 years.
E)4.28 years.

Question

-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?
A)3.28 years. 
B)3.53 years. 
C)3.78 years. 
D)4.03 years. 
E)4.28 years.

Quizplus · Accepted Answer

The Answer of 
-The short-term debt consists of 4-year bonds paying an annual coupon of 4 percent and selling at par. What is the duration of the short-term debt?
A)3.28 years. 
B)3.53 years. 
C)3.78 years. 
D)4.03 years. 
E)4.28 years.

-The Short-Term Debt Consists of 4-Year Bonds Paying an Annual