Question
Bond A is a 6% coupon bond, with a 20-year time to maturity selling below par value. Bond B is a 6% coupon bond, with
Bond A is a 6% coupon bond, with a 20-year time to maturity selling below par value. Bond B is a 6% coupon bond, with a 20-year time to maturity selling at par value. Which bond has the highest duration?
Group of answer choices
B
Cannot say
A
Same duration
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
