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A corporation issues a series of bonds that pays 8% coupon interest with 6 years to maturity. If the yield to maturity is 12% and
A corporation issues a series of bonds that pays 8% coupon interest with 6 years to maturity. If the yield to maturity is 12% and the face value is $1000 what is the Macaulays duration of this bond?
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Essentials Of Corporate Financial Management
Authors: Glen Arnold
1st Edition
1405847042, 978-1405847049
