duration of fixed side of swap

if not given the # and no other numerical info, should you always assume it is 75% of maturity?

According to the mock, I guess so. I don’t like that they framed it as an approximation in the text (I don’t remember the pg #), then use it as fact on the exam. Oh well. I guess I can memorize their approximations for another 8 days…

I’m pretty sure it will be given.