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A 4-year 6% coupon bond has a face value of $1,000. The current interest rate is 8%. Calculate the duration of the described bond. Round
A 4-year 6% coupon bond has a face value of $1,000. The current interest rate is 8%. Calculate the duration of the described bond. Round your answer to at least 2 decimal places
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
