8. Consider a bond selling at its par value of$l,OOO , with six years to maturity and...

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8. Consider a bond selling at its par value of$l,OOO , with six years to maturity and a 7% coupon rate (with annual interest payments). Calculate the bond's duration.

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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