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What is the duration of a three-year bond that pays an annual coupon of 7.5 percent and has a current yield to maturity of 10.5
What is the duration of a three-year bond that pays an annual coupon of 7.5 percent and has a current yield to maturity of 10.5 percent? Use $1,000 as the face value. (Use 3 decimal places in your calculations).
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