Coupon bond making annual coupon payments

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Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6%. What is the duration if the yield to maturity is 10%? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

YTM Duration

6% YTM

10% YTM

Reference no: EM13877779

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