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a. Find the duration of a 6% coupon bond with par value of $1000 making annual coupon payments if it has three years until maturity

a. Find the duration of a 6% coupon bond with par value of $1000 making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%.

b) What is the duration if the yield to maturity is 10%?

c) Repeat Problem 13 (a), but now assume the coupons are paid semiannually.

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