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A zero-coupon bond was issued 3 years ago. When it was first issued it had 5 years to maturity and the issue price was based
A zero-coupon bond was issued 3 years ago. When it was first issued it had 5 years to maturity and the issue price was based on a yield of 736 p. It is currently trading at a yield of 61% pa What is it's current duration? Select one a. 2 years b. O years C 3 years O d. 5 years
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