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Two bonds, the first bond is a 2-year $1000 that pays an annual coupon of 10% .The second is $1000, zero-coupon bond. What is the
Two bonds, the first bond is a 2-year $1000 that pays an annual coupon of 10% .The second is $1000, zero-coupon bond.
What is the duration of them if the current yield-to-maturity is 8%? 10%? 12%?
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