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QUESTION 1 What is the (Macaulay) duration of a zero-coupon bond with 4.3 years until maturity? QUESTION 2 Consider a bond with a (Macaulay) duration

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QUESTION 1 What is the (Macaulay) duration of a zero-coupon bond with 4.3 years until maturity? QUESTION 2 Consider a bond with a (Macaulay) duration of 6.9 years. If the yield-to-maturity of the bonds falls from 3.0% to 2.0%, what will be the percentage change in the price of the bond? Assume annual payments. QUESTION 3 Consider a bond with a (Macaulay) duration of 6.9 years. If the yield-to-maturity of the bonds increases from 3.0% to 4.0%, what will be the percentage change in the price of the bond? Assume annual payments

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