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Suppose that you have a zero coupon bond with a face value of $1,000, a maturity of 5 years, and a current rate of return

Suppose that you have a zero coupon bond with a face value of $1,000, a maturity of 5 years, and a current rate of return of 8 percent compounded semi- annually. The duration equals to

5 years

10 years

4 years

8 years

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