What is the modified duration of a 5-year 2,000 par value bond with 8% annual coupons and
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What is the modified duration of a 5-year 2,000 par value bond with 8% annual coupons and an annual effective yield of 7%?
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Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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