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Calculate the duration of a $1,000 face or par value bond with a coupon rate of 3% and 5 years to maturity if the going

Calculate the duration of a $1,000 face or par value bond with a coupon rate of 3% and 5 years to maturity if the going rate of interest (or yield) is 4%.

Enter your answer to two decimal places. In other words, if your answer is 8.746532, enter 8.75

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