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Calculate the duration of a $1000 par value bond that pays a 6% annual coupon and has 5 years to maturity. The bond is priced
Calculate the duration of a $1000 par value bond that pays a 6% annual coupon and has 5 years to maturity. The bond is priced to yield 6.5% (YTM).
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
