Today you invested 12200 in an investment that pays 9 and


1. ind the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 10%. (Round your answer to three decimal places)

2. Today you invested $12,200 in an investment that pays 9?% and will mature in 9 years. Once the investment? matures, you will reinvest your funds for another 9 years in another investment that pays 6?%. What will be the value of your investment after 18 ?years?

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Financial Management: Today you invested 12200 in an investment that pays 9 and
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