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Question
Steel Pier Company has issued bonds that pay semiannually with the following characteristics:
| Coupon | Yield to Maturity | Maturity | Macaulay Duration |
| 10% | 10% | 10 years | 6.76 years |
The modified duration for the Steel Pier bond is ________.
A) 6.15 years
B) 5.95 years
C) 6.49 years
D) 9.09 years
Answer
This answer is hidden. It contains 34 characters.
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Day
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Q:
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B) translate the objectives and constraints of the investment company into an asset universe
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