What is the duration of this t-note

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Reference no: EM131933922

1. Bram Johnson invests $500 at the end of each quarter for 10 years. The account earns 12% interest annually. What is the value of the account at the end of 10 years?

$37,700

$37,700.60

$37,000

None of these

$3,700

2. A two-year Treasury note with $1000 maturity value pays $25 semi-annual coupons. It currently sells for $956.42. What is the duration of this T-note?

A. 2 years

B. 1.75 years

C. 1.93 years

D. 3.50 years

E. 3.85 years

Reference no: EM131933922

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