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What is the duration of a two-year bond that pays an annual coupon of 5 percent and has a current yield to maturity of 7

What is the duration of a two-year bond that pays an annual coupon of 5 percent and has a current yield to maturity of 7 percent? Use $1,000 as the face value. Round to two decimals.

1.99 yrs

1.97 yrs

1.95 yrs

1.93 yrs

1.91 yrs

THANK YOU!!

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