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A financial instrument provides three future cash flows: $1,820.50 at the end of 4 years $2,119.42 at the end of 7 years $1,917.09 at the

A financial instrument provides three future cash flows:

$1,820.50 at the end of 4 years
$2,119.42 at the end of 7 years
$1,917.09 at the end of 11 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.

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