[Solved] Assume a bond with a $1,000 par value and

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Assume a bond with a $1,000 par value and an 8 percent coupon rate, two years remaining to maturity, and a 7 percent yield to

Assume a bond with a $1,000 par value and an 8 percent coupon rate, two years remaining to maturity, and a 7 percent yield to maturity. What is the duration of this bond?

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