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Find the duration of a 4% coupon bond makingannualcoupon payments if it has 3 years until maturity and has a yield to maturity of 4%.

Find the duration of a 4% coupon bond makingannualcoupon payments if it has 3 years until maturity and has a yield to maturity of 4%. If the yield to maturity is 6%, what is the duration?

The face value of the bond is $1,000.Complete the missing information.

Duration

4% YTM ______years

6% YTM ______years

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