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A bond with 18 months to maturity pays a 3% coupon every six months. If the face value of the bond is 100 and the
A bond with 18 months to maturity pays a 3% coupon every six months. If the face
value of the bond is 100 and the continuously compounded yield on the bond is 3%,
what is the duration of the bond?
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
