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The duration of a 4 year, annual bond with a coupon of 3% is ______? Here, based on the info provided and your conceptual knowledge

The duration of a 4 year, annual bond with a coupon of 3% is ______? Here, based on the info provided and your conceptual knowledge of the term duration as an indicator of the price volatility of a bond, you should be able to find the solution below.

Group of answer choices

More than 4 years

Less than 4 years

Equal to 4 years

None of the above

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