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A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in 3 years, and the annual market interest is
A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in 3 years, and the annual market interest is 8%. What is the Macaulay duration of the bond
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
