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An annual payment bond with a $1,000 par has a 5% quoted coupon rate, 6% promised YTM , and 6 years to maturity. What is
An annual payment bond with a $1,000 par has a 5% quoted coupon rate, 6% promised YTM , and 6 years to maturity. What is the bond's duration and modified duration?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
