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Supposed that a Php1,000 bond has just paid a coupon matures in three years at 8% percent semi-annually. The interest yield rate is 9 percent

Supposed that a Php1,000 bond has just paid a coupon matures in three years at 8% percent semi-annually. The interest yield rate is 9 percent for all maturities at a fair price of Php1,700.00 calculate the duration of the bond.

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