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Find the duration of a bond with settlement date June 6 , 2 0 1 8 , and maturity date December 5 , 2 0

Find the duration of a bond with settlement date June

6, 2018,

and maturity date December

5, 2027 .

The coupon rate of the bond is

9 %,

and the bond pays coupons semiannually. The bond is selling at a yield to maturity of

10 % . (

Do not round intermediate calculations. Round your answers to

4

decimal places.

)

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