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Suppose a 5 year $1000 bond with annual coupons has a price of $900 and a YTM of 6%. What is the bond duration? Please
Suppose a 5 year $1000 bond with annual coupons has a price of $900 and a YTM of 6%. What is the bond duration?
Please post the work so that I know how to do it! Thank you!
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The Oxford Handbook Of Credit Derivatives
Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
