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Today is April 15, 2021. Charlotte Industries has bonds that are set to mature on April 15, 2028. These bonds pay interest semi-annually and are
Today is April 15, 2021. | ||||||||||||
Charlotte Industries has bonds that are set to mature on April 15, 2028. These bonds pay interest semi-annually and | ||||||||||||
are currently priced at $925. The coupon on the bonds is 3.5% and the bonds have a face value of $1000. what is the modified duration? |
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