Question
Consider a three-year bond with 6% annual coupon (paid semi-annually). Suppose the yield on the bond is 8% per year with continuous compounding. What is
Consider a three-year bond with 6% annual coupon (paid semi-annually). Suppose the yield on the bond is 8% per year with continuous compounding. What is the duration of the bond (in years)? (required precision: 0.01 +/- 0.01)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
7th Canadian Edition
1259650650, 978-1259650659
