Question
What is the duration of a perpetuity (bond with infinite maturity) with semiannual coupon payments if the yield curve is flat at 4.31% (continuously compounded,
What is the duration of a perpetuity (bond with infinite maturity) with semiannual coupon payments if the yield curve is flat at 4.31% (continuously compounded, round to first decimal place)?
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
