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A financial analyst wants to estimate the modified duration and convexity of a 30-year 3% bond trading at par, using numerical approximation. Follow her steps
A financial analyst wants to estimate the modified duration and convexity of a 30-year 3% bond trading at par, using numerical approximation. Follow her steps below to compute the modified duration and convexity of this bond (assuming the bond pays coupons annually).
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
