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Southpac bank holds a 14-year zero-coupon bond with face value $100,000. The market interest rate is 18%. What is the dollar duration of this bond?

Southpac bank holds a 14-year zero-coupon bond with face value $100,000. The market interest rate is 18%. What is the dollar duration of

this bond?

a. 1186440.68

b. 116922.46

O c. 14

d. None of the options.

e. 1400000

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