6. On January 23, 1987, the market price of a West Jefferson Development bond was $1,122.32. The...

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6. On January 23, 1987, the market price of a West Jefferson Development bond was $1,122.32. The bond pays

$59 in interest on March 1 and September 1 of each of the years 1987–93. On September 1, 1993, the bond is redeemed at its face value of $1,000. Calculate the yield to maturity of the bond, and then calculate its duration.

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Financial Modeling

ISBN: 9780262024822

2nd Edition

Authors: Simon Benninga

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6. On January 23, 1987, the market price of a West Jefferson Development bond was $1,122.32. The...

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Financial Modeling

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