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Required: a . Find the duration of a 3 % coupon bond making annual coupon payments if it has three years until maturity and a
Required:
a Find the duration of a coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of Do not round intermediate calculations. Round your answers to decimal places.
b What is the duration if the yield to maturity is Do not round intermediate calculations. Round your answers to decimal places.
tableYTMDuration,a YTMYearsb YTMYears
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