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Bond One was issued in 1999 and matures in 2029. It was issued with a coupon of 6.19%, pays interest semi-annually over the next nine

Bond One was issued in 1999 and matures in 2029. It was issued with a coupon of 6.19%, pays interest semi-annually over the next nine years, and has a $1000 par value paid upon maturity. The price of this bond is currently 1254. What is the duration of this bond? (Hint: Remember, you must calculate the YTM first using 4 places to the right of the decimal.)

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