What is the duration of a five-year, $1,000 Treasury bond with a 10 percent semiannual coupon selling
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What is the duration of a five-year, $1,000 Treasury bond with a 10 percent semiannual coupon selling at par? Selling with a yield to maturity of 12 percent? 14 percent? What can you conclude about the page 92 relationship between duration and yield to maturity? Plot the relationship. Why does this relationship exist? (LG 3-7)
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Related Book For 
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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