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Bond Z is a 12% annual coupon bond maturing in 5 years with a face value of $1,000. The interest rate for all maturities is
Bond Z is a 12% annual coupon bond maturing in 5 years with a face value of $1,000. The interest rate for all maturities is 10%. What is Bond Zs Macaulay duration?
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
