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A bond will pay a coupon of 100 at the end of each of the next three years and will pay the face value of
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A bond will pay a coupon of 100 at the end of each of the next three years and will pay the face value of 1000 at the end of the three-year period. The bonds duration (Macaulay duration) when valued using an annual effective interest rate of 20% is X. Calculate X. (Please do not use excel)
A bond will pay a coupon of 100 at the end of each of the next three years and will pay the face value of 1000 at the end of the three-year period. The bonds duration (Macaulay duration) when valued using an annual effective interest rate of 20% is X. Calculate X. (Please do not use excel)
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