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If a bond does not pay coupon, matures after ten years, and has yield to maturity of 7%, the duration is a. 8.52 years b.
If a bond does not pay coupon, matures after ten years, and has yield to maturity of 7%, the duration is
a. 8.52 years | ||
b. 8.47 years | ||
c. 7.57 years | ||
d. 7.42 years | ||
e. 10 years |
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