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A bond previously-issued by United Airlines carries a coupon of 2.50% (payable semi-annual), matures in two years and is priced to yield @ 7.00%. Estimate

A bond previously-issued by United Airlines carries a coupon of 2.50% (payable semi-annual), matures in two years and is priced to yield @ 7.00%. Estimate the effective duration of the note by shocking annual yields +/- 5%. Use any par value desired.

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