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A bond with exactly three years until maturity has a coupon rate of 4% with semiannual payments and a yield-to-maturity of 5%. What is the
A bond with exactly three years until maturity has a coupon rate of 4% with semiannual payments and a yield-to-maturity of 5%. What is the bonds Macaulay duration?
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
