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I need to know how to work out the problem by hand. Thanks for any and all help! 12. All other things equal, which bond
I need to know how to work out the problem by hand. Thanks for any and all help!
12. All other things equal, which bond has the largest duration? a) 20 year maturity and 11% coupon b) 5 year maturity and 6% coupon c) 20 year maturity and 6% coupon d) 5 year maturity and 11%couponStep by Step Solution
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