A bond with a face value of $1,000 and a coupon rate of 7% pays interest semi-annually.

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A bond with a face value of $1,000 and a coupon rate of 7% pays interest semi-annually. If the bond matures in 10 years and the market interest rate is 6%, what is the bond's duration?

Posted Date: Jun 05, 2024 05:03 AM

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A bond with a face value of $1,000 and a coupon rate of 7% pays interest semi-annually.

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