Question
The duration of a bond is: 1) The average, weighted by net present value, term to maturity of a schedule of payments. 2) The same
The duration of a bond is:
1) The average, weighted by net present value, term to maturity of a schedule of payments.
2) The same as maturity of the a schedule of payments
3) Irrelevant in the price volatility assessment of a schedule of payments
4) The average term to maturity of a portfolio of schedules of payments.
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
