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3. The duration of a $1.000 par value bond with a coupon rate of 7%, paying, coupons semiannual and a remaining time to maturity of

3. The duration of a $1.000 par value bond with a coupon rate of 7%, paying, coupons semiannual and a remaining time to maturity of 3 years is A 3 years B. 7.00 years C. 2.81 years. D. 3.56 years 3. The duration of a $1.000 par value bond with a coupon rate of 7%, paying, coupons semiannual and a remaining time to maturity of 3 years is A 3 years B. 7.00 years C. 2.81 years. D. 3.56 years

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