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You are given the following information about an annual coupon bond: i) The current price of the bond is 97 ii) The derivative of the

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You are given the following information about an annual coupon bond: i) The current price of the bond is 97 ii) The derivative of the price of the bond with respect to the yield to maturity is 600 iii) The yield to maturity is an annual effective rate of 4%. Calculate the duration of the bond. Possible Answers 6.43 6.19

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