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Consider the following bond: annual coupon rate of 8.00%, par value of 1000.00, with a 3-year maturity, and a current yield-to-maturity to 11.00%. The durationof

Consider the following bond: annual coupon rate of 8.00%, par value of 1000.00, with a 3-year maturity, and a current yield-to-maturity to 11.00%. The durationof this bond is ___years

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