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The duration (in years) of a $1000, 2-year, 8% coupon bond (interest paid semi-annually) is _____ year(s) when market rates are 10%? A. 1.91 B.
The duration (in years) of a $1000, 2-year, 8% coupon bond (interest paid semi-annually) is _____ year(s) when market rates are 10%?
| A. | 1.91 | |
| B. | 1.94 | |
| C. | 2.00 | |
| D. | 1.89 |
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
