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A 7% coupon bond (paying annual coupons) is selling at par i.e.for $1000. The bond experiences a price increase of $52 when the market yield

A 7% coupon bond (paying annual coupons) is selling at par i.e.for $1000. The bond experiences a price increase of $52 when the market yield decreases by 53 basis points (100bp = 1%)? What is the duration of this bond? Enter your answer to two decimal places.

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