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A bond has a yield to maturity of 4.5% with annual coupon payment of 5% coupon rate, a duration of 24 years, and a 30
A bond has a yield to maturity of 4.5% with annual coupon payment of 5% coupon rate, a duration of 24 years, and a 30 year maturity. What is its modified duration?
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The Option Trader Handbook
Authors: George Jabbour
2nd Edition
0470481617, 978-0470481615
