Calculate the duration of a $1,000 face value bond with annual coupon payments,a coupon rate of 7 percent,a maturity of 4 years,and a yield to maturity of 8.2 percent.
A)3.49 years
B)3.62 years
C)3.69 years
D)3.81 years
E)3.74 years

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The Answer of Calculate the duration of a $1,000 face value bond with annual coupon payments,a coupon rate of 7 percent,a maturity of 4 years,and a yield to maturity of 8.2 percent.
A)3.49 years
B)3.62 years
C)3.69 years
D)3.81 years
E)3.74 years

Calculate the Duration of a $1,000 Face Value Bond with Annual