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Consider two bonds. Both mature in exactly 5 years and have yields of 6%. Bond A pays a 5% coupon and Bond B pays a
Consider two bonds. Both mature in exactly 5 years and have yields of 6%. Bond A pays a 5% coupon and Bond B pays a 7% coupon. Which one has a higher price? Which one has higher duration?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
