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Consider a 30 year, R1000 semi-annual-pay bond with a 9% courpon and 13.2% yield to maturity. Based on achange in the yield to maturity of
Consider a 30 year, R1000 semi-annual-pay bond with a 9% courpon and 13.2% yield to maturity. Based on achange in the yield to maturity of 1.20%, the effective duration of the bond will be what?
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