A $1,000 par value bond with a coupon interest rate of 12 0 percent per year paid semiannually matures in 2 5 years The YTM for bonds of similar risk is 12 0 percent Calculate the duration of this bond to 5 decimal place accuracy A $1,000 par value bond with a coupon interest rate of 12 0 percent ...

ANSWER Duration of a bond is a measure of its sensitivity to changes in interest rates It takes into ...

A $1,000 par value bond with a coupon interest rate of 12.0 percent per year paid...

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

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Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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