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MCQ: Morin Company's bonds mature in 8 years, have a par value of $1.000, and make an annual coupon interest payment $65. The market requires

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MCQ: Morin Company's bonds mature in 8 years, have a par value of $1.000, and make an annual coupon interest payment $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's duration? Select one 06.19 O 6.110 years 10.10 06756 1 69 ya

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