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  3. all rates are quoted using annual compounding. a 5

All rates are quoted using annual compounding. A 5-year bond, with a face value of...

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All rates are quoted using annual compounding. A 5-year bond, with a face value of 100 and paying a coupon of 5.90 at the end of each year, has a yield of 5.4%. To the nearest penny, the price of the bond today is To two decimal places, the duration of the bond in years is The new price of the bond, following a 0.2% increase in the yield is

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