Question: Southpac bank holds a 1 1 - year zero - coupon bond with face value $ 1 0 0 , 0 0 0 . The

Southpac bank holds a 11-year zero-coupon bond with face value $100,000. The market interest rate is 7%. What is the dollar duration of this bond?
a.11
b.1028037.38
c.1100000
d.488413.16
e. None of the options.
Southpac bank holds a 11-year zero-coupon bond with face value $100,000.

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