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Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of
Find the duration of a 7% coupon bond makingannualcoupon payments if it has three years until maturity and a yield to maturity of 6.6%. What is the duration if the yield to maturity is 10.6%?(Do not round intermediate calculations. Round your answers to 4 decimal places.)
6.6% YTM Duration:______
10.6% YTM Duration: _______
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