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What's my best estimate of duration given the following: (use your notes for this.....) Day 1: Price= 92.50 / Yield = 6.45% Day 2: Price

What's my best estimate of duration given the following: (use your notes for this.....)

Day 1: Price= 92.50 / Yield = 6.45%

Day 2: Price = 93.30 / Yield = 6.24%

a. 27.5 years

b. 4.1 years

c. 14.9 years

d. 1.1 years

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