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5. Suppos you purchase a three-year, 9 percent coupon bond (paid semi-annually) that is priced to yield 15 percent. The face value of the bond

5. Suppos you purchase a three-year, 9 percent coupon bond (paid semi-annually) that is priced to yield 15 percent. The face value of the bond is $1,000. What is the duration of this bond

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