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Calculate the Duration of a loan with a face value 1,000, interest rate payment 0.089 percent, yield to maturity 0.117 percent and 3 years to

Calculate the Duration of a loan with a face value 1,000, interest rate payment 0.089 percent, yield to maturity 0.117 percent and 3 years to maturity (use 4 decimal points).

Formula for Duration D = (1n CF*t / (1+r)t + FV*t / (1+r)t ) / (1n CF / (1+r)t + FV / (1+r)t )


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