Question
Which bond is likely to have the longest duration: a. 2-year 6% coupon bond with a YTM of 8% b. 5-year 6% coupon bond with
Which bond is likely to have the longest duration:
a. 2-year 6% coupon bond with a YTM of 8%
b. 5-year 6% coupon bond with a YTM of 8%
c. 30-year 6% coupon bond with a YTM of 6%
d. 30-year 6% coupon bond with a YTM of 4%
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
