Question: Actuary Financial Mathematics ( FM ) problems: A $ 1 0 0 0 face value bond with 5 % annual coupons matures at par (

Actuary Financial Mathematics (FM) problems:
A $1000 face value bond with 5% annual coupons matures at par (face value) in 3 years. The bond sells at par (face value). Determine the duration of the bond.
Actuary Financial Mathematics (FM) problems: A $1000 face value bond with

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