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- An investor wants to find the duration of a 25 -year, 6% semiannualpay, noncallable bonds that's currently priced in the market at $888.72, to

- An investor wants to find the duration of a 25 -year, 6% semiannualpay, noncallable bonds that's currently priced in the market at $888.72, to yield 7%. Using a 50 basis point change in yield, find the effective duration of this bond

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