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Fixed Income: Calculate Duration What is the duration of this bond? Assumptions: Initial price $1,251.22 Semiannual bond, YTM - 6%, coupon = 10%, years to maturity - 8, par value - $1,000 Price if rates rise to 10% - $1,000.00 Price if rates decline to 2% = $1,588.71 5.88 O 2.51 10.04 O 11.76 O 4.22 O 6.95