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has a yield to maturity of 5%. What is the duration if the yield to maturity is 8%? Note: The face value of the bond

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has a yield to maturity of 5%. What is the duration if the yield to maturity is 8%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration 5% YTM 896 YTM 2.859 years years

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