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Consider a bond with a maturity value of 5,000,000 COP, which pays a 1.5% coupon annually for 18 years; What is the duration of the

Consider a bond with a maturity value of 5,000,000 COP, which pays a 1.5% coupon annually for 18 years; What is the duration of the bond, if its purchase IRR is 2.5% and it is traded in the issue?

to. 15,697

b. 15,908

c. 14,985

d. 14,712

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