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What is the duration of a $1000, 2-year, 7% coupon bond when market interest rates for the same risk bonds are 4.2%? A. 1.787 B.

What is the duration of a $1000, 2-year, 7% coupon bond when market interest rates for the same risk bonds are 4.2%?

A. 1.787

B. 1.934

C. 1.936

D. 2.956

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