Question
What is the modified duration of a semiannual-pay 10.84 percent coupon bond with 13 years to maturity and a yield to maturity of 11.73 percent?
What is the modified duration of a semiannual-pay 10.84 percent coupon bond with 13 years to maturity and a yield to maturity of 11.73 percent? Answer to two decimals, carry intermediate calcs. to four decimals.
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
