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A few years ago JPMorgan issued a bond. Current price of this bond is $1,040, and it has a yield to maturity of 8%. If

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A few years ago JPMorgan issued a bond. Current price of this bond is $1,040, and it has a yield to maturity of 8%. If the yield rises by 30 basis points, the price of the bond decreases to $995. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Duration years

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