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Question 18 (1 point) You are offered a 7% annual coupon bond with 3 years to maturity. Assume the bond has a YTM of 5%

Question 18 (1 point) You are offered a 7% annual coupon bond with 3 years to maturity. Assume the bond has a YTM of 5% and sells currently for $1,054,47. Calculate the bond's duration None of the answers is correct 3.638 2.813 2.855 3.00

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