QuickHelper

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About QuickHelper

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Teaching Since: May 2017
Last Sign in: 260 Weeks Ago, 2 Days Ago
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 12 Jun 2017 My Price 10.00

You have discovered that when the required rate of return

Question description

 

 

You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.4 percent to 7.9 percent, the fair present value rose from $960 to $980. What is the duration of this bond? Assume annual payments.

Answers

QuickHelper
(10)
Status NEW Posted 12 Jun 2017 08:06 PM My Price 10.00

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