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Question
Calculate the duration of a two-year corporate loan paying 6 percent interest annually, selling at par. The $30,000,000 loan is 100 percent amortizing with annual payments.
A. 2 years.
B. 1.89 years.
C. 1.94 years.
D. 1.49 years.
E. 1.73 years.
Answer
This answer is hidden. It contains 48 characters.
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