What is the duration of the bond in the previous problem if coupons are paid annually? Explain

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What is the duration of the bond in the previous problem if coupons are paid annually? Explain why the duration changes in the direction it does.

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Essentials of Investments

ISBN: 978-0077835422

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Nov 30, 2017 10:10 AM

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What is the duration of the bond in the previous problem if coupons are paid annually? Explain

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Macaulay Duration and Modified Duration are calculated using Excel as follows Inputs Formula in colu...View the full answer

Essentials of Investments

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