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Bond DEF has a maturity of three years, with annual coupons of R200, a face value of R1000, and annual YTM of 10%. Calculate the

Bond DEF has a maturity of three years, with annual coupons of R200, a face value of R1000, and annual YTM of 10%. Calculate the approximate duration of the bond.

6 years
2.1 years
3 years
4.24 years
2.58 years

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