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5. Consider a five-year Treasury bond with a 12% annual coupon selling at par ($1,000) (a) What is the duration of this bond? (b) what

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5. Consider a five-year Treasury bond with a 12% annual coupon selling at par ($1,000) (a) What is the duration of this bond? (b) what is the duration of this bond if the yield maturity falls to 10%? what if the yield to maturity rises to 14%? (c) What can you conclude about the relationship between duration and yield to maturity

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