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A bond pays annual interest. Its coupon rate is 8%. Its value at maturity is $1,000. It matures in three years. Its yield to maturity
A bond pays annual interest. Its coupon rate is 8%. Its value at maturity is $1,000. It matures in three years. Its yield to maturity is presently 2%. The duration of this bond is ?
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
