7. Find the duration of each of the following $1000 face value coupon bonds assuming coupon payments
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7. Find the duration of each of the following $1000 face value coupon bonds assuming coupon payments are made annually:
a. Three-year 10% bond currently selling for $900
b. Three-year 12% bond currently selling for $900
c. Four-year 10% bond currently selling for $900
d. Three-year 10% bond currently selling for $800
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