Question
Suppose that you have a zero-coupon bond with a face value of $1,000, a maturity of eight years, and a current rate of return of
Suppose that you have a zero-coupon bond with a face value of $1,000, a maturity of eight years, and a current rate of return of 8 percent compounded semi-annually. What is the duration of this ZCB?
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
5th Edition
1260013987, 9781260013986
