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13 TRX Inc.'s $1,000 face value 9% coupon bond has remaining maturity of 11 months. It pays coupon every 4 months. Annual interest rates for
13 TRX Inc.'s $1,000 face value 9% coupon bond has remaining maturity of 11 months. It pays coupon every 4 months. Annual interest rates for upcoming coupon payment dates are 8%, 11%, and 10% and the current yield curve downward slopping. Calculate the duration of the bond. (10 points) 1 4 MacBook Air 303 OOO DOO & 59 F FS * # 3 $ 4 % 5 & 7 8 6 9 8 9 0 E R T Y Y O U D F G I K L B. N M
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
3rd Edition
0073382426, 9780073382425
