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A bond has a face value of $1,000, an annual coupon rate of 9percent, yield to maturity of 10 percent, and 20 years to maturity.The

A bond has a face value of $1,000, an annual coupon rate of 9percent, yield to maturity of 10 percent, and 20 years to maturity.The band's duration is:a 15.2 years.b 12.6 yearsc. 25.2 yearsd. 17 2 answers

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