Question: Can someone please help me on how to enter this into an HP Calculator. Thank you very much! A two-year corporate bond paying 6% interest
Can someone please help me on how to enter this into an HP Calculator. Thank you very much!
A two-year corporate bond paying 6% interest annually is currently selling at par. The principal of$20,000,000 is due at the end of two years. Historically, daily yields on bonds with similar risk characteristics change by 20 basis points.1.What is the duration of this bond?
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