Question: answer is 4.64 years need to know how please 1. Find the Duration of the following bond: $1,000 face value, 5 years to maturity, 4%

answer is 4.64 years need to know how please 1. Find

answer is 4.64 years need to know how please

1. Find the Duration of the following bond: $1,000 face value, 5 years to maturity, 4% coupon rate, yielding 2.75%, annual coupon payments

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