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Compute the duration of a 30 year 9% bond, if yields to maturity are 6% presently. What if rates drop by 2%. Ascertain that you

Compute the duration of a 30 year 9% bond, if yields to maturity are 6% presently. What if rates drop by 2%. Ascertain that you compute both the exact price, via the bond valuation formulas, and the...

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