5. Determine the durations of the following bonds. Assume that coupon payments are made annually...
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5. Determine the durations of the following bonds. Assume that coupon payments are made annually (1) A zero-coupon bond with 10 years remaining to maturity, and a 7 percent yield to maturity (2) A bond with $1,000 par value and a 6 percent coupon rate, 3 years remaining to maturity, and a 6 percent yield to maturity

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