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1C) Calculate the bond duration. (5 marks) Par value of bond price $1200 Coupon rate (annual interest rate on bond) 7% Maturity 3 years Yield

1C) Calculate the bond duration. (5 marks)

Par value of bond price	$1200
Coupon rate (annual interest rate on bond)	7%
Maturity	3 years
Yield to maturity	9%

Put your answer here

Time until Payment (in years)



				duration =

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