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A bond that has an annual coupon rate of 8% has four years to maturity. The par value is $100. If the current discount rate
A bond that has an annual coupon rate of 8% has four years to maturity. The par value is $100. If the current discount rate is 6%, what is the bonds Macaulays duration?
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
