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A bond matures in three years and pays an annual coupon of 15%. The bond is currently trading at its par value at of $100.
A bond matures in three years and pays an annual coupon of 15%. The bond is currently trading at its par value at of $100. Calculate the modified duration of the bond.
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
