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What is the duration of a par value 12% coupon bond that experiences a price change of $23 when the market yield changes by 50
What is the duration of a par value 12% coupon bond that experiences a price change of $23 when the market yield changes by 50 basis points?
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
