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Question
An annual payment bond with a $1,000 par has a 5% quoted coupon rate, a 6% promised ytm, and 6 years to maturity. What is the bond's duration?
A. 5.31 years
B. 5.25 years
C. 4.76 years
D. 4.16 years
E. 3.19 years
Answer
This answer is hidden. It contains 27 characters.
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