33. Duration (S3.2) The duration of a bond that makes an equal payment each year in perpetuity...
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33. Duration (S3.2) The duration of a bond that makes an equal payment each year in perpetuity is (1 + yield)/yield. Prove it.
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Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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