A bond with a coupon rate of 12 percent sells at a yield to maturity of 14

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A bond with a coupon rate of 12 percent sells at a yield to maturity of 14 percent. If the bond matures in 12 years, what is the Macaulay duration of the bond? What is the modified duration?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Apr 27, 2024 07:37 AM

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A bond with a coupon rate of 12 percent sells at a yield to maturity of 14

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Fundamentals of Investments Valuation and Management

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