Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
12th Edition
ISBN: 9781285850030
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Chapter 9, Problem 3P
Summary Introduction

To determine: AFN equation (Additional Funds Needed).

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What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par?
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