Xerox has a five year aa rated zero coupon bond with five
Xerox has a five year, AA rated, zero coupon bond with five years to maturity. 1/3 Bank, Inc. has a much lower bond rating (junk bond) for their five year, zero coupon bond. Which bond will have the lower duration?
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xerox has a five year aa rated zero coupon bond with five years to maturity 13 bank inc has a much lower bond rating
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