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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 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)
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Make Money Teaching Online Courses
Authors: Andrew P.C.
1st Edition
1071003925, 978-1071003923
