Question: Calculating Duration A 5 year annual payment bond has a 5% coupon, a $1,000 par and a 7% promised yield to maturity. If the bond's

Calculating Duration A 5 year annual payment bond has a 5% coupon, a $1,000 par and a 7% promised yield to maturity. If the bond's price is $918.00, what is the bond's duration? a.4.52 years b.4.88 years c.4.52 years d.5.00 years

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