Question
Spry is planning on issuing a 8.22% semi-annual coupon bond at a price of $882.99. This bond will mature in 6 years and similar bonds
Spry is planning on issuing a 8.22% semi-annual coupon bond at a price of $882.99. This bond will mature in 6 years and similar bonds have a required rate of return of 10.93%. What is the modified duration of the new issue?
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
