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Consider the following bond (semiannual payments). What is the duration of this bond? (5 points) Coupon Rate Face Value YTM Time to Maturity 5% $1,000

Consider the following bond (semiannual payments). What is the duration of this bond? (5 points)

Coupon Rate	Face Value	YTM	Time to Maturity
5%	$1,000	6%	1 year

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