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Bond Duration: What is the duration of a bond with 7% discount rate, 3-year maturity, and 10% coupon paid semi-annually? (5 marks: 1 mark for

Bond Duration: What is the duration of a bond with 7% discount rate, 3-year maturity, and 10% coupon paid semi-annually? (5 marks: 1 mark for T, 1 mark for CF, 1 mark for PV of CF, 1 mark for weight, 1 mark for final calculation)

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