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A bond pays annual interest. Its coupon rate is 10%. Its value at maturity is $1,000. It matures in 3 years. Its yield to maturity

A bond pays annual interest. Its coupon rate is 10%. Its value at maturity is $1,000. It matures in 3 years. Its yield to maturity is currently 11%. The duration of this bond is years. (A) 2.7424 years B) 2.7321 years C) 2.7053 years D) 2.8238 years

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