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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 making annual coupon payments if it has three years until maturity and a yield to maturity of 7.1%. What is the duration if the yield to maturity is 11.1%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

YTM Duration?

7.1% YTM

11.1% YTM

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