Yield on the bond is per annum with continuous compounding

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Which of the following is closest to the duration of a 2-year bond that pays a coupon of 8% per annum semiannually? The yield on the bond is 10% per annum with continuous compounding.

A) 1.82 B) 1.85 C) 1.88 D) 1.92

Reference no: EM131077836

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