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Suppose the yield of five-year bond with 8% coupon is 10%. Its duration is: a. less than 5 years b. from 5 to 10 years
Suppose the yield of five-year bond with 8% coupon is 10%. Its duration is:
a.
less than 5 years
b.
from 5 to 10 years
c.
more than 10 years
d.
5 years
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