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You have a 2-year 5% coupon bond with a principal of $1,000. The spot rates are 10% and 12% for 1 and 2 years, respectively.

You have a 2-year 5% coupon bond with a principal of $1,000. The spot rates are 10% and 12% for 1 and 2 years, respectively. Compute the duration for this bond

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