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Green Pension Fund is attempting to manage one of the bond portfolios under its management. The fund has identified three bonds which have five-year maturities

Green Pension Fund is attempting to manage one of the bond portfolios under its management. The fund has identified three bonds which have five-year maturities and trade at a yield to maturity of 9 percent. The bonds differ only in that the coupons are 7 percent, 9 percent, and 11 percent.

i) What is the duration for each bond?

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