Using the bonds from problem 6B.1, recalculate the yields to maturity and the duration, assuming that the
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Using the bonds from problem 6B.1, recalculate the yields to maturity and the duration, assuming that the bonds pay semi-annual interest. How do the values change?
Bond Price (S)
Canada 3.55 of 2013.............103.68
Canada 4.255 of 2014.........1086.85
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781259087585
6th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts
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