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A consol bond has a coupon of 16%, a yield to maturity of 14% and a face value of $1,000. What is the duration for

A consol bond has a coupon of 16%, a yield to maturity of 14% and a face value of $1,000. What is the duration for this bond?

	a.	6.25 years
	b.	Infinity
	c.	8.14 years
	d.	7.25 years
	e.	7.14 years

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