Question
8. A bond with a coupon of 8% sells at a yield to maturity of 9%. If the bond matures in 10 years, what is
8. A bond with a coupon of 8% sells at a yield to maturity of 9%. If the bond matures in 10 years, what is the Macaulay duration of the bond? What is the modified duration?
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ISE Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders Professor, Marcia Millon Cornett, Otgo Erhemjamts
10th International Edition
1260571475, 9781260571479
