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A $2,000,000 3-year bond pays semi annual coupons of $75,000. The required return on said bond is 5.5%. What is the bonds modified duration?
A $2,000,000 3-year bond pays semi annual coupons of $75,000. The required return on said bond is 5.5%. What is the bonds modified duration?
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
