Question
All else being equal (YTM = 10%), which of the following has the shortest duration? a. A 30-year bond with a 10% coupon b. A
All else being equal (YTM = 10%), which of the following has the shortest duration?
a. A 30-year bond with a 10% coupon
b. A 20-year bond with a 9% coupon.
c. 10-year bond with a 3% coupon
d. A 10-year bond with a 9% coupon.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
