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If you have a bond with $ 1 0 0 0 face value pays annual coupon rate 6 % with YTM 6 % and 3
If you have a bond with $ face value pays annual coupon rate with YTM and years to maturity calculate the Macaulay duration. If YTM for the same bond changes to what is the new Macaulay duration and what is your takeaway from this change?
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
