You Have Just Been Offered A | G You Have Discovered That Wh X |...
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You Have Just Been Offered A | G You Have Discovered That Wh X | | HW 2 W 2 Help Save& Exit 7 You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 9.2 percent to 8.7 percent, the fair present value rose from $960 to $970. The bond pays interest annually. What is the duration of this bond? Assume annual payments. (Do not round intermediate calculations. Round your answer to 1 decimal place. (e.g. 32.1 Print
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