Question: Question 9 Consider a three-year bond that has a face vlaue of $1000 and pays an annual coupon of 5 percent. If the current yield

 Question 9 Consider a three-year bond that has a face vlaue

Question 9 Consider a three-year bond that has a face vlaue of $1000 and pays an annual coupon of 5 percent. If the current yield to maturity on this bond is 8 percent, what is its duration

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