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A bond with a face value of $1000 has a coupon rate of 7%, annual coupon payments, yield to maturity of 10%, and 20 years
A bond with a face value of $1000 has a coupon rate of 7%, annual coupon payments, yield to maturity of 10%, and 20 years to maturity. calculate this bond duration.
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
