Question
What is the duration of a two-year bond that pays an annual coupon of 12 percent and has a current yield to maturity of 14
What is the duration of a two-year bond that pays an annual coupon of 12 percent and has a current yield to maturity of 14 percent?Round your answer to four decimal places.
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Calculus And Its Applications
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
14th Edition
0134437772, 9780134437774
