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The Amazon rainforest, also called Amazon jungle or Amazonia, is a moist broadleaf tropical rainforest in the Amazon biome that covers most of the Amazon basin of South America. This basin encompasses 7,000,000 km 2 (2,700,000 sq mi), [2] of which 6,000,000 km 2 (2,300,000 sq mi) are covered by the rainforest . [3]
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Consider a bond with a $1000 face value, 5% coupon rate and 6.5% annual yield, with maturity in 5 years. The steps to compute duration are the following: 1. Estimate the bond value The coupons will be $50 in years 1, 2, 3 and 4. Then, on year 5, the bond will pay coupon and principal, for a total of $1050.
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