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two parts What is the duration of the following bond: $1,000 par value, 6% annual coupon, 5 years to maturity, and yield to maturity of
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What is the duration of the following bond: $1,000 par value, 6% annual coupon, 5 years to maturity, and yield to maturity of 5.5% ? You will need your answer for the next question. In the prior question, what is the present value of the bond Step by Step Solution
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