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Imagine a $1,000 face value bond with 4 years to maturity that: Pays annual coupons at a rate of 8% per annum; and Has a
Imagine a $1,000 face value bond with 4 years to maturity that: Pays annual coupons at a rate of 8% per annum; and Has a yield to maturity of 8% per annum. a) The Macaulay's duration of this bond is...
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