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8.8 Consider a bond with m coupons per year of rater per annum. Show that when the time to maturity tends to infinity, its duration

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8.8 Consider a bond with m coupons per year of rater per annum. Show that when the time to maturity tends to infinity, its duration tends to 1+ m (in years) where i is the compounded m times per year. Note that the duration limit is independent on the coupon rater, and is decreasing in

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