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A portfolio manager wants to estimate the interest rate risk of a bond using duration. The current price of the bond is 82. A valuation

A portfolio manager wants to estimate the interest rate risk of a bond using duration. The current price of the bond is 82. A valuation model found that if interest rates decline by 30 basis points, the price will increase to 83.50 and if interest rates increase by 30 basis points, the price will decline to 80.75. What is the duration of this bond?

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