Question: 3 points Consider a three-year bond that has a face vlace of S1000 and pays al coupon of 8 percent. If the current yield to

 3 points Consider a three-year bond that has a face vlace

3 points Consider a three-year bond that has a face vlace of S1000 and pays al coupon of 8 percent. If the current yield to manity on this bond is 12 percent, what is its duration

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