Question
5. What is the effective duration of this bond? N = 20, PV = $1,250, PMT = $20, FV = $1,000 Use 0.5% for the
5. What is the effective duration of this bond? N = 20, PV = $1,250, PMT = $20, FV = $1,000 Use 0.5% for the discount rate shocks.
If my values are
N = 20
PV = 1,250
PMT = 20
FV = 1000
How do they become, (how do they become negative to get the final awnser)
N = 20
PV = 1250
PMT=-20
FV = -1000
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
1455700886, 9781455700882
