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(QUESTION) compute the duration of an 8%, 5-year corporate bond with a par value of $1000 if yield to maturity of 10%. If you could

(QUESTION)

compute the duration of an 8%, 5-year corporate bond with a par value of $1000 if yield to maturity of 10%.

If you could please include the step by step to solve this problem for my understanding.

Thank you

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