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Cashflows for bond A are: Year 1 2 3 4 5 Cashflow 105 105 105 105 1,105 Assume the interest rate is 13%. Find the

Cashflows for bond A are:

Year 1 2 3 4 5
Cashflow 105 105 105 105 1,105

Assume the interest rate is 13%. Find the duration of Bond A.

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