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Question
Consider a five-year, 8 percent annual coupon bond selling at par of $1,000.
What is the duration of this bond?
A. 5 years.
B. 4.31 years.
C. 3.96 years.
D. 5.07 years.
E. Not enough information to answer.
Answer
This answer is hidden. It contains 1 characters.
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