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John Deere has just issued a $1000 par value, 2-year bond with a 6% coupon rate. The bond has a yield to maturity (YTM) of

John Deere has just issued a $1000 par value, 2-year bond with a 6% coupon rate. The bond has a yield to maturity (YTM) of 6% and pays semi-annual coupon. Calculate the duration of this bond. 1.22 years 1.50 years 1.78 years 1.91 years

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