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a. What is the duration of a two-year bond that pays an annual coupon of 11.8 percent and has a current yield to maturity of
a. What is the duration of a two-year bond that pays an annual coupon of 11.8 percent and has a current yield to maturity of 13.8 percent? Use $1,000 as the face value.
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Property Finance
Authors: David Isaac
2nd Edition
0333987144, 978-0333987148
