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1) Suppose you have a 5% coupon bond with a ytm of 3 percent and a term-to-maturity of 3 years. The bond pays its coupon

1) Suppose you have a 5% coupon bond with a ytm of 3 percent and a term-to-maturity of 3 years. The bond pays its coupon ANNUALLY (once per year) and has a face value of $1,000. What is this bonds price? What is it duration.

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