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Consider 3 year 6% bond with the par of $100 and semi-annual coupon payments. The YTM of the bond is 8%. a) Compute the annual
Consider 3 year 6% bond with the par of $100 and semi-annual coupon payments. The YTM of the bond is 8%. a) Compute the annual modified duration of this bond. b) Suppose that yields inc...
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