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QUESTION 27 Mohammed Bank has an asset portfolio that consists of 100 million of 30 year, 8 percent coupon, 51,000 bonds that sell at par.

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QUESTION 27 Mohammed Bank has an asset portfolio that consists of 100 million of 30 year, 8 percent coupon, 51,000 bonds that sell at par. The duration of these bonds is 30 years. 15.424 years 19.223 years 12.161 years

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