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Yesterday you bought a three-year $1,000 bond with a 6% coupon (paid annually) and a 5% yield to maturity. Today, the yield on similar risk

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Yesterday you bought a three-year $1,000 bond with a 6% coupon (paid annually) and a 5% yield to maturity. Today, the yield on similar risk bonds rose to 6% What was the duration of the bond on the acquisition date? Multiple Choice 2.85 2.88 2.84 O 2.82

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