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By calculating the duration for the following bonds decide which has a higher duration. The first bond is a 2 year $1000 zero coupon bond.

By calculating the duration for the following bonds decide which has a higher duration. The first bond is a 2 year $1000 zero coupon bond. The second is a 3 year $1000 bond that pays an annual coupon of 10%. Suppose the YTM is 8%

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