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8. A bond has just been issued with a par of Rp10 million, maturity is 2 years, a coupon is 20%, paid every semester. Suppose

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8. A bond has just been issued with a par of Rp10 million, maturity is 2 years, a coupon is 20%, paid every semester. Suppose the current yield is the same as a coupon which is 20%, calculate The duration for the bond b. The higher the duration, the higher or lower the risk? explain

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