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a . Find the duration of a 6 . 6 % coupon bond making annual coupon payments if it has three years until maturity and
a Find the duration of a coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of Note: The face value of the bond is $Do not round intermediate calculations. Round your answer to decimal places.
years
b What is the duration if the yield to maturity is Note: The face value of the bond is $Do not round intermediate calculations. Round your answer to decimal places.
YTM years
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