GitmanJoehnk_480171_IM_auMS11
Chapter 11 Bond Valuation (Solutions to Problems – For the two homework from Ch. 11 and the handout problem. 3. PVIFA9%, 15 periods 8.061 ... Bond (b), with the highest modified duration, is the choice for the investor who wishes to maximize capital gains.) Handout Problem. $60 * 10 = $600. ................
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