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1. (1.5 point) Calculate the duration and modified duration of securities A, B, and C. Their cash flows are shown below. The annual discount rate
1. (1.5 point) Calculate the duration and modified duration of securities A, B, and C. Their cash flows are shown below. The annual discount rate is 8%:|| Period 1 Period 2 Period 3 A 40 40 40 B 20 20 120 C 10 10 110
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