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URGENT Suppose that Michael Bank holds a 8-year zero-coupon bond with a yield of 6.4% and a market value of 1 million. The standard deviation
URGENT
Suppose that Michael Bank holds a 8-year zero-coupon bond with a yield of 6.4% and a market value of 1 million. The standard deviation of the bond is 10 basis points. What is the duration of the bond? (1 marks)
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