Question
A bond has five years to maturity. It has an annual coupon of 2.6%. It has a comparable yield of 9.0%. Using the Excel -
A bond has five years to maturity. It has an annual coupon of 2.6%. It has a comparable yield of 9.0%. Using the Excel - TVM method (not the formula shortcut) the duration of this bond is ____. Show 2 decimals in your answer
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
