Find the Macaulay duration, Macaulay convexity, and (modified) convexity of a 20-year zero coupon bond assuming that the interest rate is 7% effective.
Find the Macaulay duration, Macaulay convexity, and (modified) convexity of a 20-year zero coupon bond assuming that the interest rate is 7% effective.
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 7PROB
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