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Bond Three is a AAA-rated bond that has a price of 113.56 and a par value of $1,000. It was issued in 2005 as a

Bond Three is a AAA-rated bond that has a price of 113.56 and a par value of $1,000. It was issued in 2005 as a 20-year bond. The original coupon pays an annual total of $43.75 on a semi-annual basis. What is the YTM and duration of this issue?

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