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Calculate the Duration of a 7-Year $1,000 Zero-Coupon Bond with a Current

Question 65

Multiple Choice

Calculate the duration of a 7-year $1,000 zero-coupon bond with a current price of $399.63 and a yield to maturity of 14%.

A) 5 years
B) 6 years
C) 7 years
D) 8 years
E) 9 years

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