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) (15 pts) Consider a hypothetical security that pays a continuous dividend over time according to D(t) = D.(1 + i). Assuming a constant) CC

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) (15 pts) Consider a hypothetical security that pays a continuous dividend over time according to D(t) = D.(1 + i). Assuming a constant) CC rate ca (constant) CC rate of interest, r, write a SIMPLIFIED expression for the present value and the duration of this security. If r = 10% what maturity ZC bond matches the duration

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