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Question
U.S. Treasury quotes from the WSJ on Oct. 15, 2003:
What is the duration of the above Treasury note? Use the asked price to calculate the duration. Recall that Treasuries pay interest semiannually.
A. 3.86 years.
B. 1.70 years.
C. 2.10 years.
D. 1.90 years.
E. 3.40 years.
Answer
This answer is hidden. It contains 107 characters.
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