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A 4-year, 8% coupon bond pays annual interest. The bond??s valueat maturity is $1,000, and its yield to maturity is currently 6%.What is the duration

A 4-year, 8% coupon bond pays annual interest. The bondâ??s valueat maturity is $1,000, and its yield to maturity is currently 6%.What is the duration of this bond? 2 answers

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