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Assume two bonds were bought and can be redeemed at a value of 1000 at the end of 5 years. A bond has a 5%
- Assume two bonds were bought and can be redeemed at a value of 1000 at the end of 5 years. A bond has a 5% compound semiannually.
Calculate the Macaulay duration of the bond if the yields are 7% compound 2 times a year. The duration of bonds with 5% coupon:
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
