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You work as a risk manager for Fuji Mountain Bank (FMB) which has liabilities of a 2-year, $8 million bank note, currently selling at par,
You work as a risk manager for Fuji Mountain Bank (FMB) which has liabilities of a 2-year, $8 million bank note, currently selling at par, with a 6% semi-annual coupon rate. What is the duration of FMB's liabilities
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
