Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Consider a bond with 15 years to maturity, a coupon rate of 13% that is paid annually, a face value of $1,000 and a yield to maturity of 15%. Compute the duration of this bond. (Hint. First compute the
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