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A two-year bond with a yield of 5% (continuously compounded) pays an 9% coupon (paid annually) at the end of each year. If the par

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A two-year bond with a yield of 5% (continuously compounded) pays an 9% coupon (paid annually) at the end of each year. If the par value of the bond is $100, then the price of the bond is $107.18834 and the bond's duration is * 0.23 years (include two digits after the decimal point). Answer Key:1.85

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