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In stock analysis, explain what is meant by top-down forecasting approach and bottom-up forecasting approach. What is the duration in years of a 4 year

In stock analysis, explain what is meant by top-down forecasting approach and bottom-up forecasting approach.

What is the duration in years of a 4 year 8% bond with a par value of $1 000 and a Yield to Maturity (YTM ) of 10%?

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