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Valerie Ltd has just issued a bond with the following characteristics: Type Coupon Rate YTM Par Value Maturity Annual 12.8% 8.2% $1,000 30 years The
Valerie Ltd has just issued a bond with the following characteristics:
Type | Coupon Rate | YTM | Par Value | Maturity |
Annual | 12.8% | 8.2% | $1,000 | 30 years |
The modified duration of Valerie Ltds bond is _________?
10.29 | ||
10.47 | ||
11.32 | ||
12.43 | ||
None of the above |
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