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35) What is the duration of a bond with an 8% coupon and a maturity of 5 years if the current interest rate is 12%?

35) What is the duration of a bond with an 8% coupon and a maturity of 5 years if the current interest rate is 12%? a. 3.97 b. 6.21 c. 4.25 d. 6.57

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