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Find the duration of a 6.2% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to
Find the duration of a 6.2% coupon bond making semiannually coupon payments if it has three years until maturity and has a yield to maturity of 6.2%. What is the duration if the yield to maturity is 8.4%? Note: The face value of the bond is $1,000. Do not round intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. Duration 6.2% YTM 2.69 years 8.4% YTM 2.68 years
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