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8.8 Consider a bond with m coupons per year of rater per annum. Show that when the time to maturity tends to infinity, its du

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means Time to maturity tending to infinity Perpetual bonda Price of perpetual bond = Im couponar Duration & Price = cm ay amhere, we have : & lae (ittim 2 P = = inni littim tim Duration y Heim ton Duration = tim im

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