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8) A 5-year 5.8% annual coupon bond currently trades at 103. If interest rates decline by 25 basis points (bps) you estimate the bond will

8) A 5-year 5.8% annual coupon bond currently trades at 103. If interest rates decline by 25 basis points (bps) you estimate the bond will be worth 104. If interest rates increase by 25 bps you estimate the bond will be worth 102. Based on this information what is the duration of this bond? a) 0

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