The following information is about current spot rates for Second Duration Savings' assets (loans) and liabilities (CDs) . All interest rates are fixed and paid annually. 
What is the duration of the two-year loan (per $100 face value) if it is selling at par?
A) 2.00 years
B) 1.92 years
C) 1.96 years
D) 1.00 year
E) 0.91 years
Correct Answer:
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