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A bond has a maturity of 12 years, a duration of 9.5 years at a promised yield rate of 8%. What is the bond's modified
A bond has a maturity of 12 years, a duration of 9.5 years at a promised yield rate of 8%. What is the bond's modified duration?
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Production And Operations Analysis
Authors: Steven Nahmias
6th Edition
0073377856, 9780073377858
