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A bond has 4 years to maturity, a coupon of 3 percent paid annually and currently sells at par. What is the duration of the

A bond has 4 years to maturity, a coupon of 3 percent paid annually and currently sells at par. What is the duration of the bond?

A) 3.83 years

B) 4.30 years

C) 3.91 years

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