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If you required rate of return is 12%, Calculate the duration of a bond with coupon rate of 8% and maturity of 8 years. Interest

If you required rate of return is 12%, Calculate the duration of a bond with coupon rate of 8% and maturity of 8 years. Interest is paid annually.

PRESENT YOUR ANSWER ROUNDED TO 0 DECIMAL PLACES. DON'T MAKE INTERMEDIATE ROUNDINGS

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