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What is the duration of the following bond? Assume the current rate of interest is 8 percent. (You will need to use the Duration Formula

What is the duration of the following bond? Assume the current rate of interest is 8 percent. (You will need to use the Duration Formula to answer) Bond C, 8% Coupon, 5 year Term 4.11 4.31 4.71 5.01

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