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Assume your firm issued a $1,000 Par Value Bond paying a 5% coupon rate maturing in 4 years and was sold at Par Value. Using

Assume your firm issued a $1,000 Par Value Bond paying a 5% coupon rate maturing in 4 years and was sold at Par Value. Using a straight-line amortization schedule, please calculate the bond duration. Show your work in a table or other readable format by listing the annual cash flows, annual duration calculation and total bond duration:

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