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calculate the duration in terms of years Q3 through Q6 comes from the following scenario. Fred purchased a 15-year $5,000 semi-annual coupon bond redeemable with

calculate the duration in terms of years
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Q3 through Q6 comes from the following scenario. Fred purchased a 15-year $5,000 semi-annual coupon bond redeemable with $5,500. Its annual coupon rate is 7% payable semi- annually. And the bond is purchased with the yield of 5% compounded semi-annually

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