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You are considering a bond with the following characteristics: R100 Par Value 12% Annual Coupon 4 Years to Maturity 15% Yield to Maturity What is

You are considering a bond with the following characteristics: R100 Par Value 12% Annual Coupon 4 Years to Maturity 15% Yield to Maturity

What is the denominator (Bond Value) of your Duration Calculation?

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