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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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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
