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Suppose a 3 year, 7% annual coupon bond is selling for $1,000. What is the bonds duration? Select one: a. 2.81 years b. 2.92 years
Suppose a 3 year, 7% annual coupon bond is selling for $1,000. What is the bonds duration?
Select one:
a. 2.81 years
b. 2.92 years
c. 1.00 year
d. 3.05 years
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