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A $ 1 0 0 0 2 - year 1 0 % coupon bond is priced at $ 1 0 0 0 in the market.

A $

1000 2 -

year

10 %

coupon bond is priced at $

1000

in the market. The duration is

less than two years.

more than two years.

10 % .

2

years.

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