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What is the duration of a 4 year coupon bond with a face value of $1000, a coupon rate of 8% and interest rate is
What is the duration of a 4 year coupon bond with a face value of $1000, a coupon rate of 8% and interest rate is 10%?
A) 3.12
B) 3.56
C) 3.48
D) 3. 89
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