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.
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Corporate Financial Management
Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe
4th Edition
1935938002, 9781935938002
