Given a 10 percent, three-year bond with a price of $1,052.24, with a market yield 8 percent

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Given a 10 percent, three-year bond with a price of $1,052.24, with a market yield 8 percent calculate its duration using the format illustrated in Table 18-1.

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Question Posted: Dec 15, 2015 06:27 AM

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Given a 10 percent, three-year bond with a price of $1,052.24, with a market yield 8 percent

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Periods CF 05 50 1 50 15 50 2 50 25 50 3 1050 PV of CFs 4784689 45786...View the full answer

Investments Analysis and Management

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