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A bond portfolio is made up of $14 million in zero-coupon bonds maturing in 2 years, and $9 million in zero-coupon bonds maturing in 24

A bond portfolio is made up of $14 million in zero-coupon bonds maturing in 2 years, and $9 million in zero-coupon bonds maturing in 24 years. The yield curve is flat at 8%. What is the Macaulay duration of this bond portfolio? Please enter your answer in years rounded to two decimal places.

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