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Problem 11-4 A bond currently sells for $1,350, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 27
Problem 11-4 A bond currently sells for $1,350, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 27 basis points, the price of the bond falls to $1,323. Required: What is the duration of this bond? (Round your answer to 2 decimal places.) Duration C
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