28. Calculating Duration (LO4, CFA6) Assume the bond in Problem 27 has a yield to maturity of...
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28. Calculating Duration (LO4, CFA6) Assume the bond in Problem 27 has a yield to maturity of 7 percent. What is the Macaulay duration now? What does this tell you about the relationship between duration and yield to maturity?
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Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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