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Calculate the duration of the following bonds. Assume all have a face value of $100 and a 7% yield to maturity. A 10-year bond with
Calculate the duration of the following bonds. Assume all have a face value of $100 and a 7% yield to maturity. A 10-year bond with coupon of 9:0%: (a) 10 years; (b) 7.2 years; (c) 0 years; (d) 5.9 years
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