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City bank has six-year zero coupon bonds with a total face value of $20 million. The current market yield on the bonds is 10 percent.
City bank has six-year zero coupon bonds with a total face value of $20 million. The current market yield on the bonds is 10 percent. What is the daily earnings at risk (DEAR) of this bond portfolio?
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The Public Private Partnership Handbook
Authors: Malcolm Morley
1st Edition
0749474262, 978-0749474263
