A pure discount bond with maturity n is a bond with no
Question: A pure discount bond with maturity N is a bond with no payments at times t = 1, ... , N - 1; at time t = N , a pure discount bond has a single terminal payment of both principal and interest. What is the duration of such a bond?
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question a pure discount bond with maturity n is a bond with no payments at times t 1 n - 1 at time t n a pure
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