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Three years ago, Neodymium, Inc. issued $2 million worth of 6%coupon bonds with 12 years to maturity. Currently, the bonds have aYTM of 7.3%, a
Three years ago, Neodymium, Inc. issued $2 million worth of 6%coupon bonds with 12 years to maturity. Currently, the bonds have aYTM of 7.3%, a Macaulay Duration of 8.70, and convexity of 87.12.Est 2 answers
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
