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An 8% annual-coupon bond has 3 years to maturity, a yield to maturity of 6%, and a par value of $1,000. What is the duration

An 8% annual-coupon bond has 3 years to maturity, a yield to maturity of 6%, and a par value of $1,000. What is the duration of this bond?

A) 3.00 B) 2.94 C) 2.79 D) 2.46

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