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QUESTION 11 What are the annual yield-to-maturity and duration for the following bond: A perpetual bond with an annual coupon of $8 and currently selling

QUESTION 11

What are the annual yield-to-maturity and duration for the following bond: A perpetual bond with an annual coupon of $8 and currently selling at $110? (Hint: Duration of perpetuity = (1+r)/r).

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