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A two-year Treasury note with $1000 maturity value pays $25 semi-annual coupons. It currently sells for $956.42. What is the duration of this T-note? A.

A two-year Treasury note with $1000 maturity value pays $25 semi-annual coupons. It currently sells for $956.42. What is the duration of this T-note?

A. 2 years

B. 1.75 years

C. 1.93 years

D. 3.50 years

E. 3.85 years

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