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Calculate the duration of the security below, using an 8% interest rate. End of period 1 payment $20 End of period 2 payment: $20

 

Calculate the duration of the security below, using an 8% interest rate. End of period 1 payment $20 End of period 2 payment: $20 End of period 3 payment: $120 Write your answer to two digits, e.g., 2.22 (X.XX)

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