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Rank the following investments in order from least duration to greatest duration at a yield of 10% per year effective A 1 year zero-coupon bond
Rank the following investments in order from least duration to greatest duration at a yield of 10% per year effective
A 1 year zero-coupon bond with face value $100
A 10 year annuity paying $10.00 at the end of each year
A 10 year zero-coupon bond with face value $100.00
A 10 year coupon bond with face value $100.00 paying annual coupons of $10.00
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