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Question
A semiannual payment bond with a $1,000 par has a 7% quoted coupon rate, a 7% promised ytm, and 10 years to maturity. What is the bond's duration?
A. 10.00 years
B. 8.39 years
C. 6.45 years
D. 5.20 years
E. 7.35 years
Answer
This answer is hidden. It contains 31 characters.
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