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B. 3 years to maturity and 7% coupon rate (coupons paid semi-annually)

You must invest $200000. Market interest rates are 6% APR semi-annually compounded. What is the duration of this bond? Please show formulas and do not use financial calculator or excel.

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Mataulaj Duration ㅎ y yiled to matesity 1+ng6 o.o6 (1+0읔6) + 3 (o.ol-d. O 6) ㅡ 06 0.06 0 01 [ 066 17-16667 ^ 1-03 0.03 1.7-16661- 1:06 0.06 t O. 013S84 O.073S84 17,16667 ~ lu山05372

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