Does a bonds time to maturity ever equal its duration? Please explain.
Question:
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Yes the only a zero coupon bond the time to maturity is equal to the ...View the full answer
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Related Book For 
Principles of Corporate Finance
ISBN: 978-1260013900
13th edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen
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