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QUESTION 14 What is the duration of a three-year bond that pays an annual coupon of 18 percent and has a current yield to maturity

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QUESTION 14 What is the duration of a three-year bond that pays an annual coupon of 18 percent and has a current yield to maturity of 7 percent? Use $1,000 as the face value. (Use 3 decimal places in your calculations) O 2857 O 2787 O 2.708 2581 O 2 617

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