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Consider the following bond: Annual coupon rate of 2.0096. par value of $1,000.00. with a 3-year maturity, and a current yield-to-maturity of 11.00%. The DURATION

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Consider the following bond: Annual coupon rate of 2.0096. par value of $1,000.00. with a 3-year maturity, and a current yield-to-maturity of 11.00%. The DURATION of this bond is years. 2.61 2.93 3.00 None of the options are correct. 2.85

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