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Everything else being equal, the price of a bond that pays lower coupon is sensitive to changes in interest rates and has a numeric value
Everything else being equal, the price of a bond that pays lower coupon is
sensitive to changes in interest rates and has a numeric value of duration
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
