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QUESTION 1 A 9-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of 7%. If the bond

QUESTION 1 A 9-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of 7%. If the bond is callable at par, what is the effective duration of the bond, assuming rates change by 1.3%?
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QUESTION 1 A 9 year annual coupon bond is currently selling for its par value of $10.000 with an annual yield of 7%. If the bond is calable at par, what is the effective duration of the bond, assuming rates change by 13%

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