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A bond is with 6 % coupon paid semi - annually. Par value = 1 , 0 0 0 . Maturity = 1 8 months.

A bond is with 6% coupon paid semi-annually. Par value =1,000. Maturity =18 months. If the current interest rate is 4% continuously compounded per year, what is the duration of this obligation?
1.208 years
1.532 years
1.370 years
1.457 years
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