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Based on the following information, compute the duration of the bond. Bond Price 95.0 94.0 93.5 Interest Rate 4.0% 4.2% 4.4% a. 2.0 b. 4.0
Based on the following information, compute the duration of the bond.
Bond Price
95.0
94.0
93.5
Interest Rate
4.0%
4.2%
4.4%
a. 2.0
b.4.0
c.8.0
d.7.5
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
