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What is the Duration of a 10-year bond that pays out 1% in years 1,3,5,7,9 and 12% in years 2, 4, 6, 8, 10 if
What is the Duration of a 10-year bond that pays out 1% in years 1,3,5,7,9 and 12% in years 2, 4, 6, 8, 10 if oar is 1000% and required rate of return is 6%? Show work
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