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Bond A and Bond B are 6 % coupon bonds, and have a 7 % YTM , and pays annually. Bond A is 1 year

Bond A and Bond B are

6 %

coupon bonds, and have a

7 %

YTM

,

and pays annually. Bond A is

1

year from maturity and Bond B is

3

years from maturity. Calculate the duration of Bond A

.

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