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A financial instrument provides three future cash flows: $ 1 , 3 1 8 . 2 7 at the end of 5 years $ 2

A financial instrument provides three future cash flows:
$1,318.27 at the end of 5 years
$2,142.06 at the end of 7 years
$2,288.93 at the end of 13 years
Calculate the duration (D) of the financial instrument at a yield of 9% pa compounded yearly. Give your answer in years to 2 decimal places.
D = years

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