Question
A one-year bond with a yield of 8% (continuously compounded) pays semi coupons with an annual coupon rate 8%. The principal is $100 in this
A one-year bond with a yield of 8% (continuously compounded) pays semi coupons with an annual coupon rate 8%.
The principal is $100 in this question, when we want to Calculate furation, why the yield for continuously compounded bond is e^0.04 - 1 rather than 4%?
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When a bond pays semiannual coupons with an annual coupon rate of 8 it means that the bond p...
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway
10th Canadian Edition
1259654753, 9781259654756
