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Find the duration of a bond that pays quarterly coupon of $25 ($25 every quarter), given that the time to maturity is 2 years, yield

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Find the duration of a bond that pays quarterly coupon of $25 ($25 every quarter), given that the time to maturity is 2 years, yield to maturity 8% p.a. compounded quarterly, and face vale equals $1,000. Make sure to show the duration table and explain the final answer. (30 marks)

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