Question: ( a ) Explain Duration of a zero - coupon bond. A 4 - year bond with a yield of 1 0 % ( continuously

(a) Explain Duration of a zero-coupon bond. A 4-year bond with a yield of 10%(continuously compounded) pays a 9% coupon at the end of each year.
P.T.O.
 (a) Explain Duration of a zero-coupon bond. A 4-year bond with

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