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Question
A bond is scheduled to mature in five years. Its coupon rate is 9 percent with interest paid annually. This $1,000 par value bond carries a yield to maturity of 10 percent.
What is the duration of the bond?
A. 4.677 years.
B. 5.000 years.
C. 4.674 years.
D. 4.328 years.
E. 4.223 years
Answer
This answer is hidden. It contains 1 characters.
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