Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A 6-year bond with an annual coupon of 4.5% currently trades with a yield of 3.2%. Estimate the:
a. Bond price
b.
c. Modified duration (analytical and approximate)
d. Convexity (analytical and approximate
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