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A corporate bond has a coupon rate of 5% (paid semi-annually), 10 years left to maturity, a face value of $1,000, and is trading at
A corporate bond has a coupon rate of 5% (paid semi-annually), 10 years left to maturity, a face value of $1,000, and is trading at a YTM of 6%. In which range will you find this bond's Macaulay duration in years?
(-infinity, 0] |
(0, 10) |
[10, infinity) |
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