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A bond pays annual interest. Its coupon rate is 9.8%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity

A bond pays annual interest. Its coupon rate is 9.8%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 6.8% The duration of this bond is years. Multiple Choice 3.06 - 3.52 3.30 400

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