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A zero-coupon bond is selling at a deep discount price of $490. It matures in 11 years. If the yield to maturity of the bond

A zero-coupon bond is selling at a deep discount price of $490. It matures in 11 years. If the yield to maturity of the bond is 6.7%, what is the duration of the bond?

	A.	5.7 years
	B.	7 years
	C.	11 years
	D.	9 years

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