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Question 4 a-Calculate the duration of each of the three bonds. If the current interest rate is 8%. b-If interest rates are expected to increase,

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Question 4 a-Calculate the duration of each of the three bonds. If the current interest rate is 8%. b-If interest rates are expected to increase, which bond would you choose and why? C-What is a Discount bond and which of the below bonds is a Discount Bond? Market Price in Issuer Coupon Maturity $ Name (%) (24) year .5.2021 982.01 Extract ion Oil 5.36% 2026 & Gas Inc. Bill Barrett 7.00% 2024 Corp. Exela 10.00% 2025 interme 1035.2 1107.1

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