Calculate duration of this bond

Calculate duration of this bond

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Reference no: EM131952941

Given the following bond:

Par Value = $1000

Time to Maturity = 8 years

Coupon Rate = 6.25%

Coupons are paid annually.

Calculate the Duration of this bond.

Please note this is calculating the duration so you do not need the discount rate or the market price

Reference no: EM131952941

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