Question
Xerox has a five year, AA rated, zero coupon bond with five years to maturity. 1/3 Bank, Inc. has a much lower bond rating (junk
Xerox has a five year, AA rated, zero coupon bond with five years to maturity. 1/3 Bank, Inc. has a much lower bond rating (junk bond) for their five year, zero coupon bond. Which bond will have the lower duration?
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Gold And Debt
Authors: William Lyman Fawcett
1st Edition
1144211727, 978-1144211729
