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Calculate the duration of a two-year Euro-note with $100,000 par value and an annual coupon rate of 10 per cent if today’s yield to maturity is 11.5…

Calculate the duration of a two-year Euro-note with $100,000 par value and an annual coupon rate of 10 per cent if today’s yield to maturity is 11.5 per cent. What would the duration be if today’s yield was 5.5 per cent?

 

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