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Problem 1 a. What is the duration of a two-year bond that pays an annual coupon of 10% and has a current yield to maturity

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Problem 1 a. What is the duration of a two-year bond that pays an annual coupon of 10% and has a current yield to maturity of 12% ? Assume face value is $1,000. b. What is the duration of a two-year zero-coupon bond that is yielding 11.5% ? Assume face value is $1,000

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