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

Question 4

Multiple Choice

Calculate the duration of a $1,000 zero-coupon bond with a current price of $455.59,a maturity of 6 years,and a yield to maturity of 14 percent.

A) 5.29 years
B) 5.76 years
C) 6.00 years
D) 5.47 years
E) 5.86 years

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