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1. Rank the following bonds in order of descending duration. (LO 11-2) Bond Coupon Time to Maturity Yield to Maturity 15% 15 0 20 years

1. Rank the following bonds in order of descending duration. (LO 11-2)

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Bond Coupon Time to Maturity Yield to Maturity 15% 15 0 20 years 15 20 20 15 10% 10 10 10 15 15

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