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Question 21 Question 21 of 22 Consider a three-year bond that has a face vlaue of $1000 and pays an annual coupon of 3 percent.

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Question 21 Question 21 of 22 Consider a three-year bond that has a face vlaue of $1000 and pays an annual coupon of 3 percent. If the current yield to maturity on this bond is 6 percent, what is its duration? 3 points

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