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A corporate bond has 2 years to maturity, a coupon rate of 7%, a face value of $1,000 and pays coupons semiannually. The market interest

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A corporate bond has 2 years to maturity, a coupon rate of 7%, a face value of $1,000 and pays coupons semiannually. The market interest rate for similar bonds is 0.085. What is the bond's approximate duration? a 1.5 b.1.6 c. 1.7 d. 1.8 e. 1.9 f. Other, specify

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