Question
Consider a two year maturity note that pays two annual coupon payments at the rate of 10% of its face value of $1000. The current
Consider a two year maturity note that pays two annual coupon payments at the rate of 10% of its face value of $1000. The current market rate (yield to maturity) on this note is 2.4% (APR). Determine the duration of this note.
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
