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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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