Question
Which of the following, all with a 20 year maturity, has the shortest duration? 5% coupon bond, face value 100 5% coupon bond, face value
Which of the following, all with a 20 year maturity, has the shortest duration?
5% coupon bond, face value 100 5% coupon bond, face value 1,000, which amortizes 20% each year beginning in year 16.
Zero coupon bond, face value of 50
Level-pay mortgage, 100 principal
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
