Question
When Dimi was a student, he was inspired by Professor Paepen to buy a bond. He bought a bond which is redeemable at par after
When Dimi was a student, he was inspired by Professor Paepen to buy a bond. He bought a bond which is redeemable at par after 3 years with coupons of 5% at a yield of maturity of 5.5%. What is the duration of this bond?
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Step: 1
To calculate the duration of a bond we need to take into account the time value of money the coupon ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
