Question
The duration of a ten year 10 percent $1,000 bond at a market rate of 6 percent is exactly equal to the duration of the
The duration of a ten year 10 percent $1,000 bond at a market rate of 6 percent is exactly equal to the duration of the same bond at a 14 percent market rate. (True/False)
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
