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A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield increases 21 basis points, the price of

A bond currently has a price of $1,050. The yield on the bond is 6%. If the yield increases 21 basis points, the price of the bond will go down to $1,039. The duration of this bond is ____ years.

4.71

5.00

5.35

5.31

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