Exercise 4.2.1 Assume that 9% is the annual yield to maturity compounded semiannually. Calculate theMDof a 3-year

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Exercise 4.2.1 Assume that 9% is the annual yield to maturity compounded semiannually.

Calculate theMDof a 3-year bond paying semiannual coupons at an annual coupon rate of 10%.

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