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Calculate duration of a ten-year 5% coupon bond which makes annual coupon payments. Assume that the yield to maturity for similar bonds equals 5.5% 8.07

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Calculate duration of a ten-year 5% coupon bond which makes annual coupon payments. Assume that the yield to maturity for similar bonds equals 5.5% 8.07 YEARS 9.38 YEARS 10.14 YEARS 7.45 YEARS

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