Calculate the duration of your bond

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Reference no: EM13806125

A bond has 3 years to maturity, 8% coupon, 7% yield and pays annually. Suppose yield decreases by 15 basis points, calculate the duration of your bond.

2.69 years

2.79 years

5.38 years

5.58 years

None of the above

Reference no: EM13806125

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