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Lou buys a 2-year bond with face amount F. The coupon rate is 5%, payable annually. The bond sells at par. Calculate the modified duration
Lou buys a 2-year bond with face amount F. The coupon rate is 5%, payable annually. The bond sells at par. Calculate the modified duration of the bond.
Lou buys a 2-year bond with face amount F. The coupon rate is 5%, payable annually. The bond sells at par. Calculate the modified duration of the bond.
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
