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calculate the duration of the bond. Coupon 3% 9% Price ($) $939.98 1.300.10 Year 1 $30 90 Year 2 $30 90 Year 3 to 6
calculate the duration of the bond.
Coupon 3% 9% Price ($) $939.98 1.300.10 Year 1 $30 90 Year 2 $30 90 Year 3 to 6 $30 90 Year 7 $1,030 1.090 Calculate the duration and modified duration for the 3% bonds in the table shown above. Assume annual coupon payments and a yield to maturity of 4 percent.
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
