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answer is 6.84 that's the answer in the textbook please explain step by step, no excel 4. (Duration) Find the price and duration of a

image text in transcribed answer is 6.84

that's the answer in the textbook

please explain step by step, no excel

4. (Duration) Find the price and duration of a 10-year, 8% bond that is trading at a yield of 10%

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