We have the hargrove par bond paying a coupon rate of 8 and


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

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Financial Management: We have the hargrove par bond paying a coupon rate of 8 and
Reference No:- TGS01036395

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