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Question 7 ZERO COUPON BONDS You invest in a zero coupon bond on Jan 1st, 2022 with a yield-to-maturity (YTM) of 6%. The maturity is

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Question 7 ZERO COUPON BONDS You invest in a zero coupon bond on Jan 1st, 2022 with a yield-to-maturity (YTM) of 6%. The maturity is on June 30th, 2022, and at that date the face value will be $1,000. a) What is the duration of the bond? (number of days) b) What is the issue price? (how much money will you invest on Jan 1st, 2022?)

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