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Example: suppose that you have a bond that offers a coupon rate of 10% paid semiannually. the face value of the bond is $1,000 and

Example: suppose that you have a bond that offers a coupon rate of 10% paid semiannually. the face value of the bond is $1,000 and it matures in 4 years, if the current yield to maturity is 8%, what is the duration for that bond

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