What is the duration of the security

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Reference no: EM131590463

What is the duration of the following security? Prove your answer.

A U.S. Treasury note with a 3.50% coupon rate and two and a half years remaining to maturity. You require a 2.02% rate of return on the bond. (Remember that Treasury notes make semi-annual coupon payments.)

Reference no: EM131590463

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