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(TCO B) A corporate bond returns 12% of its cost (in PV terms) in the first year, 11% in the second year, 10% in the
(TCO B) A corporate bond returns 12% of its cost (in PV terms) in the first year, 11% in the second year, 10% in the third year, and the remainder in the fourth year. What is the bond's duration in years? 3.68 years 2.50 years 4.00 years 3.75 years 3.32 years
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