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A bond currently sells for $1,120, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points,

A bond currently sells for $1,120, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,070. What is the duration of this bond? Round to 4 decimal places please.

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