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A three-year bond with a face value of USD 100 pays coupons annually at the rate of 10% per year. Its yield is 7% with
A three-year bond with a face value of USD 100 pays coupons annually at the rate of 10% per year. Its yield is 7% with annual compounding. What are: a. The Macaulay duration b. The convexity c. The modified duration
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