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5. What is the effective duration of this bond? N = 20, PV = $1,250, PMT = $20, FV = $1,000 Use 0.5% for the

5. What is the effective duration of this bond? N = 20, PV = $1,250, PMT = $20, FV = $1,000 Use 0.5% for the discount rate shocks

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