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For all questions involving duration, use continuously compounded yields and the formulas explained in the slides, not those in the textbook. Question 27 1 pts

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For all questions involving duration, use continuously compounded yields and the formulas explained in the slides, not those in the textbook. Question 27 1 pts A perpetuity is a coupon bond that has infinite maturity. What is the duration of a perpetuity with annual coupon payments if the yield curve is flat at 3% (continuously compounded)? Round to the first decimal place. out

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