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A bond with a coupon rate of 9 percent sells at a yield to maturity of 11 percent. If the bond matures in 15 years,
A bond with a coupon rate of 9 percent sells at a yield to maturity of 11 percent. If the bond matures in 15 years, what is the Macaulay duration? Note: Do not round intermediate calculations. Round your answer to 3 decimal places Step by Step Solution
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
