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LG5 P11.25 An investor wants to find the duration of a 25-year, 6% semiannual-pay, noncallable bond that's currently priced in the market at $882.72, to

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LG5 P11.25 An investor wants to find the duration of a 25-year, 6% semiannual-pay, noncallable bond that's currently priced in the market at $882.72, to yield 7%. Using a 50 basis point change in yield, find the effective duration of this bond. (Hint: Use Equation 11.11 )

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