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A bond is priced at 938 and has a YTM of 0.04 when interest rates suddenly change by 70 basis points. The bond's price changes

A bond is priced at 938 and has a YTM of 0.04 when interest rates suddenly change by 70 basis points. The bond's price changes to 903 Calculate the duration for this bond. 6.0704 5.5437 5.8126 5.2721 5.0004

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