Question
A bond matures in 28 years, has a 22.76 year duration and a yield to maturity of 10.47%. Assuming annual compounding, what is the bond's
A bond matures in 28 years, has a 22.76 year duration and a yield to maturity of 10.47%. Assuming annual compounding, what is the bond's modified duration in years? Round your final answer to two decimal places (Ex. 0.00)
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
