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1. Total: 10% marks A bond is selling for 98.2. It is estimated that the price will fall to 96.6 if yields rise 30 bps

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1. Total: 10% marks A bond is selling for 98.2. It is estimated that the price will fall to 96.6 if yields rise 30 bps and that the price will rise to 100.1 if yields fall 30 bps. Based on these estimates, what is the effective duration of the bond

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