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An investor buys an 8% annual payment bond with 3 years to maturity. The bond has a yield-to-maturity of 7%. Assume the par value is
- An investor buys an 8% annual payment bond with 3 years to maturity. The bond has a yield-to-maturity of 7%. Assume the par value is 100. The bond's modified duration is closest to: (?)
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Financial Statements A Step By Step Guide To Understanding And Creating Financial Reports
Authors: Thomas Ittelson
1st Edition
1632652072, 978-1632652072
