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The duration of a five-year bond with 8% annual coupons trading at par is closest to: A) 4.3 Years B) 6.2 Years C) 5.0 Years

The duration of a five-year bond with 8% annual coupons trading at par is closest to: A) 4.3 Years B) 6.2 Years C) 5.0 Years D) 2.5 Years

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