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What is the duration of a three-year bond with a 3% coupon rate and a 3% yield to maturity? (If necessary, you can assume the

What is the duration of a three-year bond with a 3% coupon rate and a 3% yield to maturity? (If necessary, you can assume the face value of the bond is $1,000.)

A.

2.8334

B.

2.8861

C.

2.8594

D.

2.9416

E.

2.9135

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