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An annual coupon bond with $1,000 par value has a coupon rate of 5%, matures in 5 years, and sells today for $875. a. What
An annual coupon bond with $1,000 par value has a coupon rate of 5%, matures in 5 years, and sells today for $875. a. What is the duration of this bond? b. What is the modified duration? c. E...
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
