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What is the modified duration of a 10-year $150,000 non-amortizing loan at an interest rate of 6%? Assume the market value is the same as
What is the modified duration of a 10-year $150,000 non-amortizing loan at an interest rate of 6%? Assume the market value is the same as the book value.
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Other Peoples Money
Authors: John Kay
1st Edition
1610397150, 978-1610397155
