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Consider a three-year bond with 11% annual coupon (paid semi-annually). Suppose the yield on the bond is 7% per year with continuous compounding. What is

Consider a three-year bond with 11% annual coupon (paid semi-annually). Suppose the yield on the bond is 7% per year with continuous compounding. What is the duration of the bond (in years)?

(required precision: 0.01 +/- 0.01)

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