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A semi-annual payment bond with a $1000 par has a 6% coupon rate, a 5.5% yield to maturity, and 4 years to maturity. What is
A semi-annual payment bond with a $1000 par has a 6% coupon rate, a 5.5% yield to maturity, and 4 years to maturity. What is the bond's duration? Show table of calculations.
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