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  3. a 2 year 4% annual coupon corporate bond with a yi

A 2 year 4% annual coupon corporate bond with a yield to maturity of 3.5%...

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Question

Accounting

A 2 year 4% annual coupon corporate bond with a yield to maturity of 3.5% has a duration of _____ years. Select one:

a. 1.89

b. 2.00

c. 1.96

d. 1.93

e. 1.82

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