Determine the bond duration

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Question - Scarlet Knight Corporation issues a semi-annual coupon bond with a face value of $1,000 and a coupon rate of 2.5%. This new semi-annual bond has a discount rate of 0.75% with a settlement date 02/15/2022. This semi-annual bond is expected to mature by 02/15/2027. The basis for calculating this semi-annual bond is 0. Determine the bond's duration?

Reference no: EM133112154

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