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Compute the duration on a 7-year, 5% annual bond that currently sells for $1060.02. To solve, find YTM, then calculate PV of yearly cash flows
Compute the duration on a 7-year, 5% annual bond that currently sells for $1060.02.
To solve, find YTM, then calculate PV of yearly cash flows to find the duration.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
