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ABC Corporation has 3-year, 7% annual coupon bonds outstanding. Given an 8.5% yield to maturity, determine the duration of these bonds. a. 2.80 b. 2.95

ABC Corporation has 3-year, 7% annual coupon bonds outstanding. Given an 8.5% yield to maturity, determine the duration of these bonds. a. 2.80 b. 2.95 c. 2.70 d. 3.12 e. 3.25

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