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Suppose that you will be paying 10,000 a year in tuition fees at the end of the next 2 years. Bonds currently yield 8%. a.

Suppose that you will be paying 10,000 a year in tuition fees at the end of the next 2 years. Bonds currently yield 8%. a. What is the duration of your obligation? (hint: the duration is calculated as you would for bonds)

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