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Posted on Sep 20, 2024

You have a weird bond that will pay $ 1 0 7 in year 6 and $ 3 1 9 in year 1 2 .

You have a weird bond that will pay $

107

in year

6

and $

319

in year

12 .

What is this bond's duration if the discount rate is

8.9 % ?

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