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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 178 years 1.91 years 150 years

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