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b. [1 pt] What is the average life of an interest only bond? Answer: Like a zero-coupon bond, all t>0 principal CFs are 0, except

b. [1 pt] What is the average life of an interest only bond? Answer: Like a zero-coupon bond, all t>0 principal CFs are 0, except for the one at date T, when the loan is repaid. See above

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