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Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.9%. What is the duration if the yield to maturity is 11.9%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
YTM | Duration |
7.9% YTM | |
11.9% YTM | 2.82 |
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