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5 pts Question 5 A bond pays annual interest. Its coupon rate is 99. Its value at maturity is $1,000. It matures in three years.

5 pts Question 5 A bond pays annual interest. Its coupon rate is 99. Its value at maturity is $1,000. It matures in three years. Its yield to maturity is currently 6%. The duration of this bond is: 3.56 years 2.54 years 2.44 years 2.77 years

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