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An investor with an investment horizon of 1.1 year purchases a 4% coupon bond with 2 years to maturity and a face value of $100?
An investor with an investment horizon of 1.1 year purchases a 4% coupon bond with 2 years to maturity and a face value of $100? The bond is trading at a yield of 6%. Coupons are paid semi-annually. What is this investor's duration gap? Assume semi-annual compounding. Round your answer to 4 decimal places.
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