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In the fixed income market, there are two types of bonds: 1 . Bond A: Newly issued coupon bond Fixed coupon rate = 5 .

In the fixed income market, there are two types of bonds:
1. Bond A:
Newly issued coupon bond
Fixed coupon rate =5.0%
Nominal value =1000 Euros
Maturity period =6 years from today
Redeemed in the form of annuity payments, with the first payment one year from now
Current market price: 1023.79 Euros
2. Bond B:
Perpetual bond
Next coupon payment of 45 Euros to be made in one year
Coupon payments will decrease by 0.50% each year
What is the duration of Bond B?

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