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Calculate the duration for a U.S. Treasury Bond issued in 2002 with an original 30-year maturity. The bond has a 6% coupon rate and will
Calculate the duration for a U.S. Treasury Bond issued in 2002 with an original 30-year maturity. The bond has a 6% coupon rate and will mature in 2022. The bond has four more coupon payments left (assume the first of these payment is exactly six months from now). The current required return for the bond is 1.00%.
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