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At a 6% bond equivalent yield, a level perpetuity pays $30 Twice a year. The duration of the perpetuity is..? a)13.5years b)17.2 years c)17.7 years

At a 6% bond equivalent yield, a level perpetuity pays $30 Twice a year. The duration of the perpetuity is..?

a)13.5years

b)17.2 years

c)17.7 years

d)34.3 years

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