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A five-year bond, with a yield to maturity (YTM) of 11% (continuously compounded), pays an 8% coupon at the end of each year. The bond
A five-year bond, with a yield to maturity (YTM) of 11% (continuously compounded), pays an 8% coupon at the end of each year. The bond price is R86.80 and the duration 4.256. What effect will an incre...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
14th edition
007745443X, 978-0073530727, 73530727, 978-0077454432
