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A bond has a current price of $ 1 , 0 3 0 . The yield on the bond is 8 . 0 0 %

A bond has a current price of $1,030. The yield on the bond is 8.00%. If the yield changes from 8.00% to 8.10%, the price of the bond will go down to $1,025.88. The duration of this bond is _____years. Please do not solve for the modified duration.

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