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Commercial banking Need Answer Fast please A 10-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of

Commercial banking Need Answer Fast please

A 10-year annual coupon bond is currently selling for its par value of $10,000 with an annual yield of 5%. If the bond is callable at par, what is the effective duration of the bond, assuming rates change by 1.5%?

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