Question
A seven-year par value bond has a coupon rate of 9% (paid annually) and YTM of 6% will have a modified duration of ______ years
A seven-year par value bond has a coupon rate of 9% (paid annually) and YTM of 6% will have a modified duration of ______ years and a convexity of__________.
*Please show steps and do not use Excel
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
