A corporate bond has 3 years remaining to maturity. An 8% coupon is paid annually on a par of $1,000. If the yield to maturity is 10%, the duration for the bond is

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A corporate bond has 3 years remaining to maturity.  An 8% coupon is paid annually on a par of $1,000.  If the yield to maturity is 10%, the duration for the bond is

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The Answer of A corporate bond has 3 years remaining to maturity.  An 8% coupon is paid annually on a par of $1,000.  If the yield to maturity is 10%, the duration for the bond is

A Corporate Bond Has 3 Years Remaining to Maturity