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Taco Hut's bonds are priced at $1,050 with a YTM of 7%. If the YTM increases by 23 basis points, the bond price decreases to

Taco Hut's bonds are priced at $1,050 with a YTM of 7%. If the YTM increases by 23 basis points, the bond price decreases to $1,037. What is the bond's duration? Multiple Choice 84 5.39 O 5.84 5.78 5.03

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