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Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100. bond coupons (%) price (%)
Assume coupons are paid annually. Here are the prices of three bonds with 10-year maturities. Assume face value is $100. bond coupons (%) price (%) 3 86.00 6 105.00 8 136.00 a. What is the yield to maturity of each bond? b. What is the duration of each bond?
bond coupons (%) price (%)
3 86.00
6 105.00
8 136.00
a. What is the yield to maturity of each bond?
b. What is the duration of each bond?
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
