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Consider a bond with maturity 3 years, par value $1000, and annual coupon rate 2.5%. If the yield curve is flat at 6.6%, what is
Consider a bond with maturity 3 years, par value $1000, and annual coupon rate 2.5%. If the yield curve is flat at 6.6%, what is the Macaulay duration of the bond?
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Teaching Public Budgeting And Finance
Authors: Meagan M. Jordan, Bruce D. McDonald III
1st Edition
1032146680, 978-1032146683
