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Find the duration of a 6 % coupon bond making annual payments if it has 3 years until maturity and has a yield to maturity

Find the duration of a

6 %

coupon bond making annual payments if it has

3

years until maturity and has a yield to maturity of

6 %

Find the duration of the bond in problem

18

if the coupons are paid semi

-

annually.

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