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Exercise 3 Consider a coupon bond x with value at maturity 150 euro, maturity 10 years, annually paid coupon of 15 euro and priced at

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Exercise 3 Consider a coupon bond x with value at maturity 150 euro, maturity 10 years, annually paid coupon of 15 euro and priced at parity. Determine the internal rate of return (IRR) and uration of the bond with respect to a flat term structure at the IRR level

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