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No excel allowed. Please show steps. Thank you! 5. (10 pt each) Consider a $100 8% (2) bond which matures in three years. a. At
No excel allowed. Please show steps. Thank you!
5. (10 pt each) Consider a $100 8% (2) bond which matures in three years. a. At 6% (2) yield, find the duration using the definition. Do not use Excel. b. The annual yield has increased to 7%. Use modified duration to find approximate price changeStep by Step Solution
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
