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Consider a three year bond that has a face value of 1000 dollars and pays an annual coupon of 8 percent. If the current yield
Consider a three year bond that has a face value of
1000 dollars and pays an annual coupon of 8 percent. If
the current yield to maturity ion their bond is 12
percent, what is its duration?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
