a. What does duration measure? b. What is the duration of a zero coupon bond? c. What

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a. What does duration measure?

b. What is the duration of a zero coupon bond?

c. What happens to a bond’s duration as its maturity grows?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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