Two years remaining to maturity-yield to maturity

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Assume a bond with a $1,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 10 percent yield to maturity. The duration of this bond is ____ years

a. 1.92 b. 1.50 c. 1.90 d. none of the above

Reference no: EM13914901

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