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please solve, waiting for answer Ta IF3224 (1) Financial... Overview Plans Resources Status and follow-up Participants More Question 2 You intend to purchase a 2-year

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Ta IF3224 (1) Financial... Overview Plans Resources Status and follow-up Participants More Question 2 You intend to purchase a 2-year bond. The bond has a $3,500 face value and coupon payments are quarterly, Coupon rate of this bond is 6%. Market interest rate is 4 percent, what is the duration of the bond (in term of quarters)? (Answer is rounded) Your answer: o 7.25 7.61 O 7.00 6.79 rian 12 S S M A

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