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Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi- annually, and trading at a yield to maturity of 7%

Find the duration of a 10-year, $1000 face value bond, paying a 6% coupon semi- annually, and trading at a yield to maturity of 7% for 2 cases: 1) if the 7% YTM is a nominal rate; 2) if the 7% YTM is an effective rate.

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