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A 10-year semiannual payment bond with a par value of $1,000 has a 7% coupon annual rate. Currently this bond is selling at par value

A 10-year semiannual payment bond with a par value of $1,000 has a 7% coupon annual rate. Currently this bond is selling at par value in market. What is the duration of this par bond?

10.00 years
8.392 years
8.452 years
7.355 years
None of the above

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