Compute the duration of an 8%, 5-year corporate bond with a par value of $1,000 and yield to maturity of 10%.

Compute the duration of an 8%, 5-year corporate bond with a par value of $1,000 and yield to maturity of 10%.

Compute the duration of an 8%, 5-year corporate bond with a par value of $1,000 and yield to maturity of 10%. 



A. 3.92

B. 4.28

C. 4.55

D. 5


Answer: B