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Assume coupons are paid annually. The price of a bond with 5-year maturity is $102. The coupon rate is 5%. Assume face value is $100.

Assume coupons are paid annually. The price of a bond with 5-year maturity is $102. The coupon rate is 5%. Assume face value is $100. Question: What is the duration of this bond? Multiple Choice 4.7 4.9 4.6 4.1 4.4

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