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What is the duration of a $1,000, 6% coupon bond that matures in 5 years if the yield to maturity is 6.5%? 3.55 years 4.46

What is the duration of a $1,000, 6% coupon bond that matures in 5 years if the yield to maturity is 6.5%?

3.55 years

4.46 years

4.37 years

5.00 years

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