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You have a financial instrument that pays $1,000 in year 2, and $2,000 in year 5. Compute the duration if YTM is 6%. Compute





You have a financial instrument that pays $1,000 in year 2, and $2,000 in year 5. Compute the duration if YTM is 6%. Compute the duration on a 4-year bond with face value 1,000, YTM 8%, and coupon rate 11%.

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