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Assuming that all four bonds have a 6.5% yield-to-maturity, which bond has the highest duration? A 5-year zero coupon bond? A 5-year 6% coupon bond?
Assuming that all four bonds have a 6.5% yield-to-maturity, which bond has the highest duration?
| A 5-year zero coupon bond? |
| A 5-year 6% coupon bond? |
| A 4-year 6% coupon bond? |
| A 5-year 5% coupon bond? |
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
