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The duration of a par value bond with a coupon rate of 10% and a remaining time to maturity of 4 years is __________.Show formulas
The duration of a par value bond with a coupon rate of 10% and a remaining time to maturity of 4 years is __________.Show formulas and work please! No excel.
A) 3.29
B) 3.58
C) 3.48
D) 4.59
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