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The duration of a par-value bond with a coupon rate of 8.7% and a remaining time...

The duration of a par-value bond with a coupon rate of 8.7% and a remaining time to
maturity of 6 years is

A) 6.0 years.
B) 5.1 years.
C) 3.95 years.
D) 4.27 years.
E) None of the options are correct.

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Answer #1

The correct answer is E)

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