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What is the duration of a BB rated 9.8% coupon bond that matures in 24 years if the current YTM on similar BB rated bonds
What is the duration of a BB rated 9.8% coupon bond that matures in 24 years if the current YTM on similar BB rated bonds is 9.5%?
A) 11.85
B) 10.12
C) 8.87
D) 9.39
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