Essay
Which would have a longer duration: (a)a five-year fully amortized installment loan with semiannual payments or (b)a five-year semiannual payment bond,ceteris paribus. Why?
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The bond will have a longer duration bec...View Answer
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Correct Answer:
Verified
The bond will have a longer duration bec...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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