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How did they solve for duration in this question? GARP paractice Exam
David, the mac duration of the new issue is 7.8 Yrs. All you need to do is take the weight of each Coupon and add them. Yes, the question assumes the bond is selling @ par as no yield is mentioned.- jesal27
- Post #11
- Forum: Fixed Income (P1.T4 or P2.T5)