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Assume that there is a bond that pays $50 at the and of year 1 and $50 at the end of year 2. It sells
Assume that there is a bond that pays $50 at the and of year 1 and $50 at the end of year 2. It sells at $100. The Macauley duration of the bond is
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
