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QUESTION 12 6.67 polt What is the duration of a three-year bond that pays an annual coupon of 17 percent and has a current yield

QUESTION 12 6.67 polt What is the duration of a three-year bond that pays an annual coupon of 17 percent and has a current yield to maturity of 18 percent? Use $1.000 as the face value. (Use 3 decimal places in your calculations)

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