An investor wants to find the duration of a 25-year, 6% semiannual-pay, noncallable bond thats currently priced

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An investor wants to find the duration of a 25-year, 6% semiannual-pay, noncallable bond that’s currently priced in the market at $882.72, to yield 7%. Using a 50 basis point change in yield, find the effective duration of this bond.
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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