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Bond A carries a 5% coupon while Bond B bears a 10% coupon. Assuming all else equal, which bond has the longer average life of
Bond A carries a 5% coupon while Bond B bears a 10% coupon. Assuming all else equal, which bond has the longer average life of its cash flows?
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
