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Susan is interested in purchasing Bond SS which is a retractable bond - a bond that gives Susan the right to demand early repayment of

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Susan is interested in purchasing Bond SS which is a retractable bond - a bond that gives Susan the right to demand early repayment of par value from the issuer. With the use of a price-yield diagram, compare and contrast duration on a retractable bond to duration on a straight bond a bond without the right to demand early repayment. (Note: A price-yield diagram describes the relationship between a bond's price and its yield.)

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