What is the duration of a bond with 2 years to maturity if the bond has a
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What is the duration of a bond with 2 years to maturity if the bond has a coupon rate of 8 per cent paid semi-annually, and the market interest rate is 7 per cent?
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There are two ways to calculate the duration of this bond 1 Macaulay Duration This method considers ...View the full answer
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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