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1. Calculate the duration of the following loans (please indicate if you make any additional assumptions): a. An interest only loan with a maturity of

1. Calculate the duration of the following loans (please indicate if you make any additional assumptions):

a. An interest only loan with a maturity of 7 years that pays an annual coupon of 6% and has a 5.875% yield to maturity.

b. A 12-year zero coupon loan.

c. A 4-year amortized loan with an interest rate of 3.75% with quarterly payments and a 4.625% yield to maturity.

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