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Consider a Bond with a Face Value of $1,000, a Coupon

Question 40

Multiple Choice

Consider a bond with a face value of $1,000, a coupon rate of 6%, a yield to maturity of
8%, and ten years to maturity. This bond's duration is:

A) 8.7 years
B) 7.6 years
C) 0.1 years
D) 6.5 years

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