What is the duration if the yield to maturity is given

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Question: Find the duration of a 5.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 5.4%. What is the duration if the yield to maturity is 9%? Note: The face value of the bond is $1,000. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131974431

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