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A 8-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of 7%. If the bond is callable

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A 8-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of 7%. If the bond is callable at par, what is the effective duration of the bond, assuming rates change by 1.3%?
QUESTION AB year annual coupon bond is crying for the par value of $10.000 with any of the bond is able to what is the chestion of the band mes they 17

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