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Exercise 1 a . Calculate the duration of this financial instrument, which is expected to bring about the following cash flows. Assume that the current

Exercise 1
a. Calculate the duration of this financial instrument, which is expected to bring about the following cash flows. Assume that the current market interest rate is 8%.
\table[[Year 1,Year 2,Year 3,Year 4,Year 5],[$150,$150,$150,$150,$150
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