Assume a 3-year, $1,000 par value corporate bond is currently trading for $959.53. The bond has a

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Assume a 3-year, $1,000 par value corporate bond is currently trading for $959.53. The bond has a coupon rate of 4% (paid once per year) and a yield to maturity of 5.50%. Calculate the duration for this bond.

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Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Posted Date: Feb 03, 2023 05:42 AM

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Assume a 3-year, $1,000 par value corporate bond is currently trading for $959.53. The bond has a

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Duration 1 x 10001055 2 x 100... View the full answer

Bank Management

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