Question: Assume a bond with a $2,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 8 percent yield to

Assume a bond with a $2,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 8 percent yield to maturity. The duration of this bond is ______. (Show all your work)

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