We have the goncalves par bond paying a coupon rate of 8, Financial Management

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We have the goncalves par bond paying a coupon rate of 8

We have the Goncalves par bond paying a coupon rate of 8% and having a maturity of 20 years. If the coupon rate of Goncalves were to alter to 4%, what would the new duration be? What is the meaning of duration? Under what circumstances would duration equal maturity?

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Financial Management: We have the goncalves par bond paying a coupon rate of 8

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Financial Management: We have the goncalves par bond paying a coupon rate of 8

Reference No:- TGS01254414

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