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Consider a bond with a face value of $1,000, a coupon rate of 14%, a yield to maturity of 12%, and ten years to maturity.

Consider a bond with a face value of $1,000, a coupon rate of 14%, a yield to maturity of 12%, and ten years to maturity. This bond's duration is:

9.11 years

7.62 years

6.86 years

6.15 years

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