Question: 38. If an N year security recovered the same percentage of its cost in PV terms each year, the duration would be A.N. B.O. C.

 38. If an N year security recovered the same percentage of

38. If an N year security recovered the same percentage of its cost in PV terms each year, the duration would be A.N. B.O. C. sum of the years/N. D. N!/N2 E. none of the options

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