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

A bond pays annual interest. Its coupon rate is 9%. Its value at maturity is $1,000. It matures in three years. Its yield to maturity is currently 6%. The duration of this bond is: 2.44 years 3.56 years 2.54 years 2.77 years

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