Consider a 10% corporate bond maturing on June 10, 2021. If you bought the bond...
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Finance
Consider a 10% corporate bond maturing on June 10, 2021. If you bought the bond to settle on March 10, 2021 at a yield of 11%, the bond's duration as of the settlement date is...
a.
Less than one quarter of a year.
b.
More than one quarter of a year.
c.
One quarter of a year.
d.
One cannot determine the bond's duration using the information provided.
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