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Calculate the duration of a zero-coupon bond with the following characteristics: Par value = $1,000 Maturity = 9 years Purchase price = $800 Yield to
Calculate the duration of a zero-coupon bond with the following characteristics: Par value = $1,000 Maturity = 9 years Purchase price = $800 Yield to maturity = 6%
Options:
A. 6
B. 9
C. 8
D. 0
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