Essay
Calculate the duration of a 4-year $1,000 face value bond, which pays 8% coupons annually throughout maturity and has a yield to maturity of 9%.
Correct Answer:
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D = [80/(1.09 + 160/...View Answer
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Correct Answer:
Verified
D = [80/(1.09 + 160/...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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