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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