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Calculate the duration of a two-year corporate loan paying 5 percent interest annually, selling at par. The $40,000,000 loan is 100 percent amortizing with annual
Calculate the duration of a two-year corporate loan paying 5 percent interest annually, selling at par. The $40,000,000 loan is 100 percent amortizing with annual payments.
a.1.94 years.
b.1.49 years.
c.1.89 years.
d.2 years.
e.1.73 years.
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