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Consider an 18-month, 8 percent (semiannual) coupon Treasury note selling at par. What is the duration of this Treasury note? a. 1.500 years. b. 1.371

Consider an 18-month, 8 percent (semiannual) coupon Treasury note selling at par. What is the duration of this Treasury note? a. 1.500 years. b. 1.371 years. c. 1.443 years. d. 2.882 years. e. 1.234 years.

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