Question
A bond pays 5.86% semi-annual coupon for 6 years and is priced at $100.What is the modified duration of the bond? (First use the a
A bond pays 5.86% semi-annual coupon for 6 years and is priced at $100.What is the modified duration of the bond? (First use the actual formula and then use the approximate duration formula). Also find approximate convexity.
use fionancial calculator and explain steps
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
