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12. Duration Calculate the durations and volatilities of securities A, B, and C. Their cash flows are shown below. The interest rate is 8%. Period

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12. Duration Calculate the durations and volatilities of securities A, B, and C. Their cash flows are shown below. The interest rate is 8%. Period 1 40 20 10 Period 2 40 20 10 Period 3 40 120 110

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