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6. Consider a bond with semi-annual coupon payments of $50, a principal payment of $1,000 in 5 years, and a price of $1,000. Assume that

6. Consider a bond with semi-annual coupon payments of $50, a principal payment of $1,000 in 5 years, and a price of $1,000. Assume that the yield curve is a flat 10%. What is the duration of the bond?

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