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Consider a bond with a face value of $1,000, a coupon rate of 10%, a yield to maturity of 9%, and ten years to maturity.
Consider a bond with a face value of $1,000, a coupon rate of 10%, a yield to maturity of 9%, and ten years to maturity. This bond's duration is a. 9.11 years b. 7.63 years c. 6.86 years d. 6.15 years
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