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I need help with a homework question: A bond has 4 years to maturity, a coupon of 6 percent paid annually and currently sells at
I need help with a homework question:
A bond has 4 years to maturity, a coupon of 6 percent paid annually and currently sells at par.What is the duration of the bond
4.6 years
3.82 years
3.67 years
Thanks!
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