Question
A 5-year, 4% coupon, semi-annual bond, with a face value of $1,000 and a yield-to-maturity of 2.0%. A 10-year, 4% coupon, semi-annual bond, with a
A 5-year, 4% coupon, semi-annual bond, with a face value of $1,000 and a yield-to-maturity of 2.0%.
A 10-year, 4% coupon, semi-annual bond, with a face value of $1,000 and a yield-to-maturity of 2.0%.
Explain which bond has a higher duration, and why.
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
