Duration of a coupon paying bond is: equal to its maturity. less than a zero coupon bond.
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Question:
Duration of a coupon paying bond is:
- equal to its maturity.
- less than a zero coupon bond.
- equal to its number of payments.
- None of these.
- equal to the zero coupon bond.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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