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QUESTION
a bank grants a loan to one of its customer for a term of 5years.The customer promise the bank an annual interest payment of $100. The par value of a...
a bank grants a loan to one of its customer for a term of 5years.The customer promise the bank an annual interest payment of $100. The par value of a loan is $1000.the YTM on the loan is 10%. Required ;compute the Duration
