Identify the bond that has the longest duration (no calculations necessary). a. 20-year maturity with an 8
Question:
Identify the bond that has the longest duration (no calculations necessary).
a. 20-year maturity with an 8 percent coupon
b. 20-year maturity with a 12 percent coupon
c. 15-year maturity with a 0 percent coupon
d. 10-year maturity with a 15 percent coupon.
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The bond with the longest duration is c 15year maturity with a 0 percent coupon Duration is a m...View the full answer
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10th Edition
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