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We have the x par bond paying a coupon rate of 8 and having

We have the X par bond paying a coupon rate of 8% and having a maturity of 20 years. If the coupon rate of X were to alter to 4%, what would the new duration be? What is the meaning of duration? Under what circumstances would duration equal maturity?

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Financial Management: We have the x par bond paying a coupon rate of 8 and having

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Financial Management: We have the x par bond paying a coupon rate of 8 and having

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