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1. A five-year, $100,000 loan carries a coupon rate of zero and a market interest rate of 8 percent. The remaining principal and interest are

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1. A five-year, $100,000 loan carries a coupon rate of zero and a market interest rate of 8 percent. The remaining principal and interest are due at the end of the maturity of the bond. What is the duration of this bond? 1. A five-year, $100,000 loan carries a coupon rate of zero and a market interest rate of 8 percent. The remaining principal and interest are due at the end of the maturity of the bond. What is the duration of this bond

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