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Find the duration of a bond

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Reference no: EM132944494

Question - Find the duration of a bond with a settlement date of May 27, 2023, and maturity date November 15, 2034. The coupon rate of the bond is 5.0%, and the bond pays coupons semiannually. The bond is selling at a bond-equivalent yield to maturity of 10.0%.

Reference no: EM132944494

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