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Consider three Treasury bonds each of which has a 10 percent semiannual coupon and trades at par. a. Calculate the duration for a bond that

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Consider three Treasury bonds each of which has a 10 percent semiannual coupon and trades at par. a. Calculate the duration for a bond that has a maturity of four years, three years, and two years? b. What conclusions can you reach about the relationship of duration and the time to maturity? Plot the relationship

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