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1.) Find the DURATION of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity

1.) Find the DURATION of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6%. What is the DURATION if the yield to maturity is 10? (DO NOT ROUND INTERMEDIATE CALCULATIONS. ROUND YOUR ANSWERS TO 4 DECIMAL PLACES.)

YTM DURATION

6% YTM ?

10% YTM ?

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