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D Question 7 The next 3 questions are related and depend on this information: Bond XYZ is a 4-year, 8% annual coupon bond, with $1,000

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D Question 7 The next 3 questions are related and depend on this information: Bond XYZ is a 4-year, 8% annual coupon bond, with $1,000 par value. The required return on the bond is 5.4%. What is the duration of this bond? (2 points) Enter your answer with 4 decimals (e.g. 5.1234)

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