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Duration definition: Economically, it is a measurement of how long, often in years, it takes for the price of a bond to be repaid
Duration definition: Economically, it is a measurement of how long, often in years, it takes for the price of a bond to be repaid by its internal cash flows. Coupon bearing bond's duration is always equal than its time to maturity #2
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
