Question
The duration of a par value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years is...
The duration of a par value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years is... (how many years)?
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End of the Year Cash Flow Period Cash ...
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
