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Consider a 4-year coupon bond with a face value of $10,000 and a coupon rate of 8% per annum payable semiannually and a yield to

Consider a 4-year coupon bond with a face value of $10,000 and a coupon rate of 8% per annum payable semiannually and a yield to maturity (Discount rate) of 7% per annum.find out the Duration?

please explain in a simple way

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