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There is a bond which carries an annual coupon interest rate of 8 . 0 0 % Interest on this bond is paid on a
There is a bond which carries an annual coupon interest rate of Interest on this bond is paid on a semiannual basis. The bond has a maturity of years It has a yield to maturity of Assume a typical par value for this corporate bond. What is the Annual Duration of such a security? Round your answer to three decimal places ie
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