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A 3-year 10% coupon bond has $1000 face value. what is the duration of this bond? ( assume this hond pays annual coupon and the

A 3-year 10% coupon bond has $1000 face value. what is the duration of this bond? ( assume this hond pays annual coupon and the bond yield is 8%)
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Macav lays annual Duration =bondprice(F+(1+4)t

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