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4. A bond has an annual coupon rate of 6 percent and 3 years to maturity. It has a yield to maturity of 8 percent
4. A bond has an annual coupon rate of 6 percent and 3 years to maturity. It has a yield to maturity of 8 percent with a face value of $1000. Calculate the modified duration of this bond. (5)
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
