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A bond has a duration of 8 years and YTM of 6% (compounded semiannually). What is the Modified Duration? Give your answer to two decimal
A bond has a duration of 8 years and YTM of 6% (compounded semiannually). What is the Modified Duration?
Give your answer to two decimal places.
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
