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A bond pays annual interest. It's coupon rate is 9.2%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity
A bond pays annual interest. It's coupon rate is 9.2%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 6.2%. The duration of the bond is _______years.
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