Which has the longer duration: a 30-year, 8 percent, zero-coupon or discount bond or an 8 percent

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Which has the longer duration: a 30-year, 8 percent, zero-coupon or discount bond or an 8 percent infinite maturity consol bond?

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Financial Institutions Management A Risk Management Approach

ISBN: 9781266138225

11th International Edition

Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts

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