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Please solve Over the next 2 years, you need to pay annual tuition fees of $ 1 0 , 0 0 0 at the end

Please solve

Over the next

2

years, you need to pay annual tuition fees of $

10, 000

at the end of each year. The current yield to maturity is

8 % .

Calculate the present value of the amount you need to pay and the duration.

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