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An investor buys a 5% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 4% and is currently priced at
An investor buys a 5% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 4% and is currently priced at $103 per 100 of par. What is the bonds Macaulay duration?
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
