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A bond has a face value of $1,000, an annual coupon rate of 7%, yield to maturity of 10%, and 20 years to maturity. The
A bond has a face value of $1,000, an annual coupon rate of 7%, yield to maturity of 10%, and 20 years to maturity. The bond's duration is: Please show work
| 10.0 years | |
| 7.4 years | |
| 20.0 years | |
| 12.6 years |
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History Of Financial Institutions Essays On The History Of European Finance 1800–1950
Authors: Carmen Hofmann , Martin L. Müller
1st Edition
1138325007, 978-1138325005
