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Question 5 a) What is the duration of a perpetuity with a yield of 12%? [6 marks] b) A 9-year bond has a yield of

Question 5 a) What is the duration of a perpetuity with a yield of 12%? [6 marks] b) A 9-year bond has a yield of 10% and a duration of 7.194 years. If the market yield changes by 50 basis points, wha...

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