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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
You work as a risk manager for Fuji Mountain Bank FMB which has liabilities of a year, $ million bank note, currently selling at par, with a semiannual coupon rate. What is the duration of FMBs liabilities?
A
years
B
years
C
years
D
years
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