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A bond pays annual interest. Its coupon rate is 7.40%. Its value at maturity is $1,000.00. It matures in 4.00 years. Its yield to maturity

A bond pays annual interest. Its coupon rate is 7.40%. Its value at maturity is $1,000.00. It matures in 4.00 years. Its yield to maturity is currently 4.40%. The duration of this bond is _______ years.

Answers, choose one of the following:

3.483.263.634.00

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