19. We have a perpetuity bond on the market, that pays a coupon of $12 every...
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19. We have a perpetuity bond on the market, that pays a coupon of $12 every year regularly. The market price for this bond is $272.727. What is the (modified) duration of this bond? a. Perpetuities do not have maturities since they should not have a finite duration. b. 20.727 c. 21 d. 22.727 e. 23.727 19. We have a perpetuity bond on the market, that pays a coupon of $12 every year regularly. The market price for this bond is $272.727. What is the (modified) duration of this bond? a. Perpetuities do not have maturities since they should not have a finite duration. b. 20.727 c. 21 d. 22.727 e. 23.727
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Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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