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Compute the duration of a bond with a face value of $1,000, a maturity of 10...

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Finance

Compute the duration of a bond with a face value of $1,000, amaturity of 10 years and a yield to maturity of 7%. Compute theduration for coupon rates ranging from 2% to 12% (in increments of1%). What happens to duration as the coupon rate increases?

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Compute the duration of a bond with a face value of $1,000, amaturity of 10 years and a yield to maturity of 7%. Compute theduration for coupon rates ranging from 2% to 12% (in increments of1%). What happens to duration as the coupon rate increases?

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