A bond pays a coupon rate of 8%, has 5 years to maturity, and a yield to
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A bond pays a coupon rate of 8%, has 5 years to maturity, and a yield to maturity of 8%. What is the Modified duration of this bond?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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