Question
The 2-year zero-coupon bond has a price of $97. The 5-year zero-coupon bond has a price of $90. You own 2 2-year bond and 5
The 2-year zero-coupon bond has a price of $97. The 5-year zero-coupon bond has a price of $90. You own 2 2-year bond and 5 5-year bonds. What is the duration of your portfolio? (Round to two decimals)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
