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Bond A is a perpetuity paying $10 at the end of each year. Bond B is a zero-coupon bond. The duration of Bond B is
Bond A is a perpetuity paying $10 at the end of each year. Bond B is a zero-coupon bond. The duration of Bond B is twice the duration of Bond A. The continuously compounded yield on both bonds is 18.23%. Calculate the time until maturity for Bond B.
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