Question
An investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity (YTM) of 8% and par value of
An investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity (YTM) of 8% and par value of 1,000 of par. What is the bond Macaulay duration & modified duration
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
