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A four-year bond-type cash flow with an IRR of 13.00% pays $15.00 at the end of years one through three and $115.00 at the end
A four-year bond-type cash flow with an IRR of 13.00% pays $15.00 at the end of years one through three and $115.00 at the end of year four. What is the duration of this cash flow? Round the final answer to two decimal places, do not round intermediate calculations. Answer: years
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