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(1) Duration approximation. The effective duration of the pool was reported by the state auditor as 7.4 years in December 1994. This high duration is
(1) Duration approximation. The effective duration of the pool was reported by the state auditor as 7.4 years in December 1994. This high duration is the result of two factors: the average duration of...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
