4. A pure discount bond with maturity N is a bond with no payments at times t...

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4. A pure discount bond with maturity N is a bond with no payments at times t = 1, …, N − 1; at time t = N, a pure discount bond has a single terminal payment of both principal and interest. What is the duration of such a bond?

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Financial Modeling

ISBN: 9780262024822

2nd Edition

Authors: Simon Benninga

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Question Posted: Oct 17, 2024 11:02 AM

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4. A pure discount bond with maturity N is a bond with no payments at times t...

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Financial Modeling

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