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. QUESTION FOUR (25 MARKS) a) Calculate the duration of a 6%, $1000 par value bond maturing in 4 years if the yield to maturity

. QUESTION FOUR (25 MARKS) a) Calculate the duration of a 6%, $1000 par value bond maturing in 4 years if the yield to maturity is 9% and interest is paid semiannually (9 marks) b) If the yield of t...

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