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A four-year maturity 0 percent coupon corporate bond with a required rate of return of 12 percent has an annual duration of _______________ years. A.
A four-year maturity 0 percent coupon corporate bond with a required rate of return of 12 percent has an annual duration of _______________ years.
A. 2.97 years
B. 3.51 years
C. 4.00 years
D. None of the above
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
