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A 3 year, 6%, $1,000 bond that pays interest annually is currently selling with a YTM of 5%. Compute the Duration of this bond and
A 3 year, 6%, $1,000 bond that pays interest annually is currently selling with a YTM of 5%. Compute the Duration of this bond and explain what the Duration measure is primarily used for.
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
