33. Duration (S3.2) The duration of a bond that makes an equal payment each year in perpetuity...

Question:

33. Duration (S3.2) The duration of a bond that makes an equal payment each year in perpetuity is (1 + yield)/yield. Prove it.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

Question Posted: