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Calculate the Duration of a $1,000 Face Value Bond with Annual

Question 23

Multiple Choice

Calculate the duration of a $1,000 face value bond with annual coupon payments,a coupon rate of 7 percent,a maturity of 4 years,and a yield to maturity of 8.2 percent.


A) 3.49 years
B) 3.62 years
C) 3.69 years
D) 3.81 years
E) 3.74 years

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