Question
A bond has 11 years left to maturity, pays coupons semiannually, is priced at 109.2 per $100 of par value, and has a modified duration
- A bond has 11 years left to maturity, pays coupons semiannually, is priced at 109.2 per $100 of par value, and has a modified duration of 7.07. What is the bond's money duration?
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
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