Question
Consider a 5-year, 6.6% coupon bond that is priced to yield 7.2% with bimonthly payments(i.e., once every two months). Calculate duration, modified duration, and convexity
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To calculate the duration modified duration and convexity of a bond we first need to calculate the present value of each cash flow using the given inf...Get Instant Access to Expert-Tailored Solutions
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
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