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I have a question concerning duration. The only resource I can use is a financial calculator, so if you could help me solve this by
I have a question concerning duration. The only resource I can use is a financial calculator, so if you could help me solve this by a financial calculator, that would be much appreciated. The question is as follows:
Find the duration of a 6% coupon bond makingannualcoupon payments if it has three years until maturity and a yield to maturity of 6.7%. What is the duration if the yield to maturity is 10.7%?
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