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What is the duration of an 8% annual coupon bond with a $1,000 par value, 3 years to maturity, YTM is 6.7% and the bond
What is the duration of an 8% annual coupon bond with a $1,000 par value, 3 years to maturity, YTM is 6.7% and the bond is selling for $1,033.90?
Group of answer choices
2.79 years
3 years
2.62 years
2.88 years
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