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Please give complete explanations for your answers. Answers without explanations will receive very few marks. Answers which are copied from the course materials will receive

Please give complete explanations for your answers. Answers without explanations will receive very few marks. Answers which are copied from the course materials will receive a mark of zero.

1.Suppose two, 10-year bonds have the same duration when calculated today. Does this mean that they will have the same duration when calculated next year?

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