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Calculate the duration of a $1,000 par value bond that pays 8% coupon rate (interest rate) and matures in 4 years, if required rate of

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Calculate the duration of a $1,000 par value bond that pays 8% coupon rate (interest rate) and matures in 4 years, if required rate of return is 12% DO NOT MAKE INTERMEDIATE ROUNDING FINAL ANSWER ROUNDED TO 2 DECIMAL PLACES

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