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3 Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity

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3 Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.8%. What is the duration if the yield to maturity is 10.8%? (Do not round Intermediate calculations. Round your answers to 4 decimal places.) 10 points Duration YTM 6.8% YTM 10.8% YTM ebook Reference

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