Question
A 2-year zero-coupon bond has a price of $95. A 5-year zero-coupon bond has a price of $89. You own two 2-year bonds and
A 2-year zero-coupon bond has a price of $95. A 5-year zero-coupon bond has a price of $89. You own two 2-year bonds and three 5-year bonds. What is the duration of your portfolio
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
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