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Consider a three-year corporate bond selling for $1026.73, paying interest annually, with a face value of $1,000, a coupon rate of 7%, and a YTM

Consider a three-year corporate bond selling for $1026.73, paying interest annually, with a face value of $1,000, a coupon rate of 7%, and a YTM of 6%. What is the duration of this bond?

2.91 years
2.63 years
2.81 years
2.44 years

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