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What is the duration (Macaulay duration) of a bond with a face value of $1,000 and a coupon rate of 12% (annual interest payment) with
What is the duration (Macaulay duration) of a bond with a face value of $1,000 and a coupon rate of 12% (annual interest payment) with a yield to maturity (YTM) of 7.0%?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
