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Calculate the duration of a $1,000 face value bond with annual coupon payments, a coupon rate of 5.0 percent, a maturity of 4 years, and

Calculate the duration of a $1,000 face value bond with annual coupon payments, a coupon rate of 5.0 percent, a maturity of 4 years, and a yield to maturity of 9.0 percent.

A. D. 3.701 years
B. 3.723 years
C. 3.709 years
D. C. 3.691 years

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