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Q:Question:A bank made a $10,000 four-year auto loan paying 6 percent interest annually, The YTM for the loan is 5%. Calculate the duration of the
Q:Question:A bank made a $10,000 four-year auto loan paying 6 percent interest annually, The YTM for the loan is 5%. Calculate the duration of the two-year auto loan.A:Answer:See a step by step answer
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
