What is the duration of the bond in the previous problem if coupons are paid annually? Explain
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What is the duration of the bond in the previous problem if coupons are paid annually? Explain why the duration changes in the direction it does.
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Macaulay Duration and Modified Duration are calculated using Excel as follows Inputs Formula in colu...View the full answer
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Related Book For
Essentials of Investments
ISBN: 978-0077835422
10th edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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