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You have purchased a bond for $973.02. The bond has a couponrate of 6.4% (with annual payments), a face value of $1,000, 4years to maturity,
You have purchased a bond for $973.02. The bond has a couponrate of 6.4% (with annual payments), a face value of $1,000, 4years to maturity, and a yield to maturity of 7.2%. The bond'sduration is 3 1 answer
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
