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There are three annual coupon paying bonds with a time to maturity of 24.0,25.0, and 26.0 years. All three bonds have a coupon rate of
There are three annual coupon paying bonds with a time to maturity of 24.0,25.0, and 26.0 years. All three bonds have a coupon rate of 0% (zero-coupon bonds) and a YTM of 7%. What is the duration of each bond? Duration of: 24.0 25.0 26.0
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