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A bond eurreutbr sells for $1,15D, which gives it a. yield to maturity sf 6%. Suppose that if the yield increases: by 342] basis points,

A bond eurreutbr sells for $1,15D, which gives it a. yield to maturity sf 6%. Suppose that if the yield increases: by 342] basis points, the price of the bend falls to $1,135. What is the duration of this 'I'winl'irl'."l

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