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A bond pays annual interest. Its coupon rate is 9%. Its value at maturity is $1,000. It matures in 3 years. Its yield to maturity

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A bond pays annual interest. Its coupon rate is 9%. Its value at maturity is $1,000. It matures in 3 years. Its yield to maturity is currently 6%. The duration of this bond is years. Select one: A. 3.23 B. 4.1 C. 2.44 O D. 2.77 Clear my choice Next page

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