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Total assets Capta Total liabilities andcapital 600 (10 Marks) 30. Consider the debt security below. Calculate its duration. Show full workings Discuss how duration changes with YTM, maturity, coupon rate and face value A debt security has 2 years to maturity and face value of £1,000 Its coupon rate is 10% payable semi-annually. The YTM is 6% per annum. (10 Marks) END OF EXAMINATION PAPER

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