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A bond has a face value of $1000 and coupon payments of $95 annually. Market interest rates are 4%. This bond matures in three years

A bond has a face value of $1000 and coupon payments of $95 annually. Market interest rates are 4%. This bond matures in three years and is selling in the market for (1) $__________.

(2) What is this bond's duration? ___________

Please show written work.

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