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Please show steps and formulas used. Suppose you have a 4.5% coupon bond with a ytm of 4.0 percent and a term-to-maturity of 3 years.

Please show steps and formulas used.

Suppose you have a 4.5% coupon bond with a ytm of 4.0 percent and a term-to-maturity of 3 years. The bond pays its coupon ANNUALLY (once per year) and has a face value of $1,000. What is this bond's price? What is it duration.

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