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You have discovered that when the required return of a bond you own fell by 0.3% from 9.75% to 9.45%, the price rose from $965

You have discovered that when the required return of a bond you own fell by 0.3% from 9.75% to 9.45%, the price rose from $965 to $980. What is the duration of this bond assuming semiannual of compounding interest?

A. 0.06 years

B. 5.69 years

C. 5.43 years

D. 4.25 years

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