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Question 36 Tangerine County's liabilities consist of the following 400 one-year bonds, each with face amount of $1.000 and 4% annual coupons and 600 three-year

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Question 36 Tangerine County's liabilities consist of the following 400 one-year bonds, each with face amount of $1.000 and 4% annual coupons and 600 three-year bonds, each with face amount of $1,000 and 5% annual coupons. Find the duration of this entire portfolio of 1000 bonds if the current market interest rate for all the bonds is 296 O 20342 O 2.2678 0 20791 O 2.1476 2 pts

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