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Required: Find the duration of a bond with settlement date June 1 1 , 2 0 1 8 , and maturity date December 1 5

Required:
Find the duration of a bond with settlement date June 11,2018, and maturity date December 15,2027. The coupon rate of the bond is
4%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 5%.(Do not round intermediate
calculations. Round your answers to 4 decimal places.)
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