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Consider the following bond (semiannual payments). What is the duration of this bond? Coupon Rate- 5% Face Value-1000 YTM-6% Time to Maturity-1 year

Consider the following bond (semiannual payments). What is the duration of this bond?

Coupon Rate- 5%

Face Value-1000

YTM-6%

Time to Maturity-1 year

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