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XYZ bank purchased Bank of Ghana bond that pays annual coupon of 19% in January 2010. The face value of the bond is GHS 5m.
XYZ bank purchased Bank of Ghana bond that pays annual coupon of 19% in January 2010. The face value of the bond is GHS 5m. What is the duration of this bond if the yield to maturity on the bond is 15%?
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
