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A risk free bond has 12 months until maturity, with a stated annual coupon rate of 4% paid semi-annually. Continuously-compounded interest rates are 5% for
A risk free bond has 12 months until maturity, with a stated annual coupon rate of 4% paid semi-annually. Continuously-compounded interest rates are 5% for all maturities. What is the duration of the bond?
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Precalculus
Authors: Jay Abramson
1st Edition
1938168348, 978-1938168345
