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The duration of a 2-year bond that pays a coupon of 8% per annum semiannually is 1.88. What would be the duration of a 3-year
The duration of a 2-year bond that pays a coupon of 8% per annum semiannually is 1.88. What would be the duration of a 3-year zero-coupon bond if the annual yield on the bond is 10% per annum with continuous compounding? (round the answer two digits after decimal if needed)
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