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Portfolio A consists of a 1-year zero-coupon bond with a face value of $8,000 and a 9-year zero-coupon bond with a face value of $5,000.
Portfolio A consists of a 1-year zero-coupon bond with a face value of $8,000 and a 9-year zero-coupon bond with a face value of $5,000. The current yield on all bonds is 12.00% per annum. (Answer with two decimal digits accuracy) The duration of portfolio A is
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