Question
What differentiates the term of a bond and its duration? Suppose a bond 'A'with 10% coupon while another bond 'B' has a 5% coupon and
What differentiates the term of a bond and its duration? Suppose a bond 'A'with 10% coupon while another bond 'B' has a 5% coupon and they both mature after 10 years,which bond has the shorter duration?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
