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Question 3 (5 marks) Discuss the benefits of knowing Dollar Duration, Modified Duration and Macaulay Duration of a bond. Question 4 (5 marks) Explain why

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Question 3 (5 marks) Discuss the benefits of knowing Dollar Duration, Modified Duration and Macaulay Duration of a bond. Question 4 (5 marks) Explain why we need to know the Yield to Maturity of a bond so that we can estimate the duration

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