Question
Calculate the duration of a $1,000 par value, three-year bond with a 5 percent coupon rate and a market yield of 4 percent. The bond
Calculate the duration of a $1,000 par value, three-year bond with a 5 percent coupon rate and a market yield of 4 percent. The bond pays annual coupon payments. Ive already know the answer but dont know Why in year three the CF is 1050? not as year 1 and year is 50? thx
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
