25.18 Calculate the duration of a four-year, $1,000 face-value bond with a 5-percent coupon rate, selling at

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25.18 Calculate the duration of a four-year, $1,000 face-value bond with a 5-percent coupon rate, selling at par.

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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