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a) Determine the duration in years of a new 3-year coupon note with a 5% coupon rate that pays $50,000 at maturity and has a

a) Determine the duration in years of a new 3-year coupon note with a 5% coupon rate that pays $50,000 at maturity and has a discount rate of 5.4% compounded semiannually. (show all work)

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