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A bond pays annual interest. its coupon rate is 8.5%. its value at maturity is $1,000. it matures in 5 years. its yoeld to maturity

A bond pays annual interest. its coupon rate is 8.5%. its value at maturity is $1,000. it matures in 5 years. its yoeld to maturity is currently 6.5%. the duration of this bond is _ years

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