You have discovered that when the required rate of return on a bond you own fell by

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You have discovered that when the required rate of return on a bond you own fell by 0.50 percent from 9.75 percent to 9.25 percent, the fair present value rose from $975 to $995.

The bond pays interest annually. What is the duration of this bond? (LG 3-8)

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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Question Posted: Jul 25, 2024 06:04 AM

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You have discovered that when the required rate of return on a bond you own fell by

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ISE Financial Markets And Institutions

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