Question
The duration of a par-value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years is? Please
The duration of a par-value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years is?
Please show formula and solution, need to solve in Excel. Thanks for the help!
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
