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A company has borrowed 200,000,000 by means of a Eurobond issue. The term to maturity is 5 years and the bonds offer an annual coupon
A company has borrowed 200,000,000 by means of a Eurobond issue. The term to maturity is 5 years and the bonds offer an annual coupon of 5.79% The current yield on bonds in the same risk class is 3.6%. 3.60% Required Calculate the duration of the loan.
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