Question: 7. Consider a 20 year 7.20% annual coupon bond whose duration is approx. 11 years when required rate of return (yield to maturity) is 7.50%.

7. Consider a 20 year 7.20% annual coupon bond whose duration

7. Consider a 20 year 7.20% annual coupon bond whose duration is approx. 11 years when required rate of return (yield to maturity) is 7.50%. Prove that this band is Immunized if you hold it for 11 years

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