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A bond has 11 years left to maturity, pays coupons semiannually, is priced at 109.2 per $100 of par value, and has a modified duration

  1. A bond has 11 years left to maturity, pays coupons semiannually, is priced at 109.2 per $100 of par value, and has a modified duration of 7.07. What is the bond's money duration?

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