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An investor wants to find the duration of a(n) 25-year,5 % semiannual pay, noncallable bond that's currently priced in the market at $604.76, to yield

An investor wants to find the duration of a(n) 25-year,5 % semiannual pay, noncallable bond that's currently priced in the market at $604.76, to yield 9%. Using a 100 basis point change in yield, find the effective duration of this bond.

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