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A bond previously-issued by United Airlines carries a coupon of 2.50% (payable semi-annual), matures in two years and is priced to yield @ 7.00%. Estimate
- A bond previously-issued by United Airlines carries a coupon of 2.50% (payable semi-annual), matures in two years and is priced to yield @ 7.00%. Estimate the effective duration of the note by shocking annual yields +/- 5%. Use any par value desired.
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
