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You have a personal loan that will be repaid in full by two payments. One repayment is $20,000 and this is due one year from
You have a personal loan that will be repaid in full by two payments. One repayment is $20,000 and this is due one year from today, and the second repayment of $50,000 is due two years from today. The current yield on all bonds is 3% p.a. with coupons paid annually. Calculate the dollar duration of your obligation
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