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Really not sure how to work this so i need to know the steps not just the answer! thanks :) Consider a bond with a
Really not sure how to work this so i need to know the steps not just the answer! thanks :)
Consider a bond with a $1,000 par value, 8% annual coupon, 10 years to maturity, with an interest rate of 6%. the price of the bond is $1,148. what is the duration of this bond?
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