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A bond has a time to maturity of two years, has a coupon rate of 2% paid annually and has a face value of 100.
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A bond has a time to maturity of two years, has a coupon rate of 2% paid annually and has a face value of 100. The bond is trading at a Yield To Maturity (YTM) of 3%.
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Compute the duration of the bond.
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
